Investor relations ESM and EFSF ESG Market group Transactions Rating and eligibility Legal documents Transactions ESM & EFSF transactions are conducted via syndication or auction. Auctions are conducted by the ESM/EFSF Bidding System (EBS) of the Bundesbank: For further information, please consult Bundesbank. All bonds and billsAll bondsAll billsAll outstanding issues Items per page 10 15 25 50 100 All Export transactions list