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EFSF issues €3 billion 10-year benchmark bond

21/04/2015
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Press releases

EFSF

Luxembourg – The European Financial Stability Facility (EFSF) placed today a €3 billion 10-year bond maturing on 28 April 2025. The issuance spread was fixed at mid swap minus 22 basis points. This implies a reoffer yield for investors of 0.239%. The coupon rate is 0.20%.

Deutsche Bank, BNP and Natixis acted as lead managers. The issuance attracted good demand from high-quality investors worldwide.

Christophe Frankel, CFO and Deputy CEO said: “Today’s transaction represents a new historic low yield for our 10-year maturity. This translates into lower borrowing costs for EFSF beneficiary countries. The good demand from a wide investor base has provided us with a successful start to our second quarter funding programme.

Wolfgang Proissl

Wolfgang Proissl
Chief Spokesperson
 

+352 260 962 230

Anabela Reis

Anabela Reis
Senior Spokesperson
 

+352 260 962 551

George Matlock

George Matlock
Senior Financial Spokesperson
 

+352 260 962 232

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