EFSF completes 2018 funding by raising €4 billion in new 5-year bond

Luxembourg – The European Financial Stability Facility (EFSF) raised €4 billion today in a new 5-year benchmark bond, completing the EFSF’s funding needs for 2018.

“The EFSF had not issued in the 5-year maturity this year, hence today we added liquidity in that part of the curve. Thanks to the good order book, today’s transaction allowed us to raise the remaining €4 billion in our funding plan for 2018,” said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.

The spread of the 0.20% bond, maturing on 17 January 2024, was fixed at mid swaps minus 13 basis points, for a reoffer yield of 0.258%. The order book was in excess of €5.3 billion.
 
Bookrunners for the deal were Deutsche Bank, Morgan Stanley and Société Générale CIB.