EFSF issues €5 billion 7-year bond

Luxembourg – The European Financial Stability Facility (EFSF) placed today a €5 billion 7-year bond maturing on June 7, 2021. The issuance spread was fixed at mid swap plus 15 basis points. This implies a reoffer yield for investors of 1.495%. The coupon rate is 1.375%

Credit Suisse, DZ Bank and J.P. Morgan acted as lead managers. The issue has drawn strong demand, with over €8.5 billion in orders received from investors worldwide.

Christophe Frankel, CFO and Deputy CEO said: “Today’s transaction attracted good support from a wide investor base and represents a very successful start to our second quarter funding programme.”