EFSF raises €2 billion in Tap of January 2026 Bond

Luxembourg – The European Financial Stability Facility (EFSF) on Tuesday raised €2 billion in a tap of 0.4% January 2026 bond, raising the total outstanding volume to €5 billion.
“Today we completed funding needs for the EFSF for the first quarter. We had a strong book with high quality orders from banks and central banks and priced 1 basis points inside the initial price guidance. This shows that even amid the current market turbulences the primary market in euro is working and investors are confident,” said Siegfried Ruhl, Head of Funding and Investor Relations at the EFSF.
The spread of the 0.4% bond was fixed at mid swaps minus 1 basis points, for a reoffer yield of -0.394%. Order books were in excess of €4.3 billion.
Bookrunners for the deal were Credit Agricole, DZ Bank and Goldman Sachs.