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EFSF issues €3 billion 3-year bond

Press releases

Luxembourg – The European Financial Stability Facility (EFSF) placed today a €3 billion 3-year bond maturing on 18 October 2017. The issuance spread was fixed at mid swap minus 8 basis points. This implies a reoffer yield for investors of 0.386%. The coupon rate is 0.25%

Barclays, Natixis and Unicredit acted as lead managers. The issue has drawn very strong demand, approaching €8 billion in orders received from investors worldwide. It is the first 3-year bond issued by the EFSF since March 2013.

Christophe Frankel, CFO and Deputy CEO said: “Today’s issuance was our first 3-year bond in 2014.  Investors rewarded our maturity choice with a quick and strong book building. This enabled us to complete all the scheduled debt-raising for the EFSF this quarter and it is worth noting that we have concluded the first half of 2014 with the lowest coupons the EFSF has issued so far.” 


Cédric Crelo
Head of Communications and Chief Spokesperson
+352 260 962 205

Anabela Reis
Deputy Head of Communications and Deputy Chief Spokesperson
+352 260 962 551

George Matlock
Senior Financial Spokesperson
+352 260 962 232

Juliana Dahl
Principal Speechwriter and Principal Spokesperson
+352 260 962 654