EFSF places 3-year bond
Luxembourg – European Financial Stability Facility today placed a €3 billion 3-year benchmark bond maturing on 7 March 2016. The issuance spread at reoffer was fixed at mid swap minus 5 basis points. This implies a reoffer yield for investors of 0.584%.
Credit Suisse, J.P. Morgan and Morgan Stanley acted as lead managers for this issue.
Christophe Frankel, CFO and Deputy CEO stated "With today’s 3-year bond, EFSF is close to completing its announced funding target of €16.5bn for Q1 one month ahead of schedule. This quarter has been particularly well diversified in terms of issuance with maturities ranging from 3 to 25 years”.
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