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EFSF raises €3 billion in new 10-year bond

07/02/2018
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Press releases

EFSF

Luxembourg - The European Financial Stability Facility on Wednesday raised €3 billion in a new 10-year bond, leaving just €1 billion in funding needs for the remainder of the quarter.
 
“Today’s deal was a very successful step towards completing the EFSF’s first-quarter funding needs. Order books were strong despite the market turmoil this week, enabling us to price the deal at a level benefiting current and former programme countries,” said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.
 
The spread of the 0.95% bond, which will mature in February 2028, was fixed at mid swaps minus 10 basis points, for a reoffer yield of 0.995%. Order books were in excess of €14 billion.
 
Bookrunners for the deal were Deutsche Bank, J.P. Morgan and Natixis.
 

Wolfgang Proissl

Wolfgang Proissl
Chief Spokesperson
 

+352 260 962 230

Michel Reijns

Michel Reijns
Acting Spokesperson
 

+31 6 52 82 09 38

Douwe Miedema

Douwe Miedema
Financial Press Spokesperson
 

+352 260 962 236

Luis Rego

Luis Rego
On leave of absence from ESM until end of March
Acting Spokesperson of the Eurogroup President
 

+352 260 962 235

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