https://www.esm.europa.eu/investors/esm-and-efsf/esm-3-month-bill-auction-results-29 The result of the auction of 2 December 2025 for the 3-months Bills of the ESM was as follows:Total Bids: € 2,911.00 mnCompetitive bids € 1,105.00 mnNon-competitive bids € 1,806.00 mnAllotment / Issue volume € 1,093.68 mn

https://www.esm.europa.eu/investors/esm-and-efsf/esm-announces-upcoming-3-month-bill-auction-48 The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.Time schedule of the auction procedure:Date of invitation to bid: Monday, 1 December 2025Bidding period: Tuesday, 2 December 2025...

https://www.esm.europa.eu/investors/esm-and-efsf/esm-6-month-bill-auction-results-28 The result of the auction of 18 November 2025 for the 6-months Bills of the ESM was as follows:Total Bids: € 2,953.00 mnCompetitive bids € 1,058.00 mnNon-competitive bids € 1,895.00 mnAllotment / Issue volume € 1,083.70 mn

https://www.esm.europa.eu/investors/esm-and-efsf/esm-announces-upcoming-6-month-bill-auction-44 The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.Time schedule of the auction procedure:Date of invitation to bid: Monday, 17 November 2025Bidding period: Tuesday, 18 November...

https://www.esm.europa.eu/investors/esm-and-efsf/efsf-raises-eu45-billion-dual-tranche-bond-sale-completes-funding-2025 (Luxembourg) - The European Financial Stability Facility (EFSF) raised €4.5 billion today in a dual-tranche bond transaction. The EFSF raised €3 billion in a new 5-year 2.50% bond, maturing on 11 November 2030. The spread was fixed at mid-swaps plus 22 basis points, for a reoffer yield of 2.58%. The...

https://www.esm.europa.eu/investors/esm-and-efsf/esm-3-month-bill-auction-results-28 The result of the auction of 04 November 2025 for the 3-months Bills of the ESM was as follows:Total Bids: € 4,560.00 mnCompetitive bids € 2,032.00 mnNon-competitive bids € 2,528.00 mnAllotment / Issue volume: € 1,088.16 mn

https://www.esm.europa.eu/investors/esm-and-efsf/efsf-has-mandated-bnp-paribas-bofa-securities-and-natwest-joint-lead-manage The European Financial Stability Facility rated Aaa (Moody’s) / A+ (Fitch) / A+ (S&P), has mandated BNP Paribas, BofA Securities, and NatWest to joint lead manage its upcoming dual-tranche transaction consisting of a 5yr EUR Benchmark maturing 11th November 2030 and a tap of the outstanding senior...

https://www.esm.europa.eu/investors/esm-and-efsf/esm-announces-upcoming-3-month-bill-auction-47 The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.Time schedule of the auction procedure:Date of invitation to bid: Monday, 3 November 2025Bidding period: Tuesday, 4 November 2025...

https://www.esm.europa.eu/investors/esm-and-efsf/efsf-sends-request-proposal-selection-banks-20 Today, EFSF, the European Financial Stability Facility, rated Aaa (Moody’s) / A+ (Fitch) / A+ (S&P), has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction, subject to market conditions.

https://www.esm.europa.eu/investors/esm-and-efsf/esm-6-month-bill-auction-results-27 The result of the auction of 21 October 2025 for the 6-months Bills of the ESM was as follows:Total Bids: € 2,790.00 mnCompetitive bids € 730.00 mnNon-competitive bids € 2,060.00 mnAllotment / Issue volume: € 1,095.00 mn

https://www.esm.europa.eu/investors/esm-and-efsf/esm-announces-upcoming-6-month-bill-auction-43 The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.Time schedule of the auction procedure:Date of invitation to bid: Monday, 20 October 2025Bidding period: Tuesday, 21 October 2025...

https://www.esm.europa.eu/investors/esm-and-efsf/esm-raises-eu1-billion-tap-2035-bond-completes-annual-funding The European Stability Mechanism (ESM) reopened a 2035 bond on Tuesday, completing its long-term funding for the year.The €1 billion no-grow tap of the 2.75% 26 February 2035 bond was priced with a spread fixed at mid-swaps plus 31 basis points, for a reoffer yield of 2.884%. The order book was in...

https://www.esm.europa.eu/investors/esm-and-efsf/esm-mandates-hsbc-morgan-stanley-and-natixis-joint-lead-managers-its Today the European Stability Mechanism, rated Aaa (stable) (Moody's) / AAA (stable) (S&P) / AAA (stable) (Fitch) / AAA (stable) (Scope) has mandated HSBC, Morgan Stanley and Natixis to joint lead manage a EUR 1bn no grow tap of the 10 year ESM Feb-2035 line. No further group. Joint Bookrunners will...

https://www.esm.europa.eu/investors/esm-and-efsf/esm-sends-request-proposal-selection-banks-8 Today ESM, the European Stability Mechanism, rated Aaa (Moody’s) / AAA (Fitch) / AAA (S&P), has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction, subject to market conditions.

https://www.esm.europa.eu/investors/esm-and-efsf/esm-3-month-bill-auction-results-27 The result of the auction of 7 October 2025 for the 3-months Bills of the ESM was as follows:Total Bids: € 3,281.00 mnCompetitive bids € 881.00 mnNon-competitive bids € 2,400.00 mnAllotment / Issue volume € 1,085.00 mn

https://www.esm.europa.eu/investors/esm-and-efsf/esm-announces-upcoming-3-month-bill-auction-46 The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.Time schedule of the auction procedure:Date of invitation to bid: Monday, 6 October 2025Bidding period: Tuesday, 7 October 2025...

https://www.esm.europa.eu/investors/esm-and-efsf/esm-6-month-bill-auction-results-26 The result of the auction of 16 September 2025 for the 6-months Bills of the ESM was as follows:Total Bids: € 2,664.00 mnCompetitive bids: € 789.00 mnNon-competitive bids: € 1,875.00 mnAllotment / Issue volume: € 1,084.00 mn

https://www.esm.europa.eu/investors/esm-and-efsf/esm-announces-upcoming-6-month-bill-auction-42 The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.Time schedule of the auction procedure:Date of invitation to bid: Monday, 15 September 2025Bidding period: Tuesday, 16 September...

https://www.esm.europa.eu/investors/esm-and-efsf/esm-3-month-bill-auction-results-26 The result of the auction of 2 September 2025 for the 3-months Bills of the ESM was as follows:Total Bids € 3,193.00 mnCompetitive bids € 801.00 mnNon-competitive bids € 2,392.00 mnAllotment / Issue volume € 1,499.36 mn

https://www.esm.europa.eu/investors/esm-and-efsf/efsf-raises-eu2-billion-dual-tranche-bond-tap The European Financial Stability Facility (EFSF) raised €2 billion today in a dual-tranche bond transaction. The combined order book for both deals amounted to €5.8 billion, excluding joint lead manager interest.The EFSF raised €1 billion in a reopening of a 2.875% bond, maturing on 13 February 2034...