EFSF raises €3 billion in new 2022 bond

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EFSF



Luxembourg - The European Financial Stability Facility (EFSF) on Tuesday raised €3 billion in a new November 2022 bond, its first issue of the year.

 “At the current yield levels, investors are looking for opportunities in the short to medium part of the curve. That’s why we decided to go for a short six-year deal. Very strong interest, mainly from the private sector, enabled us to issue at a very attractive level for our beneficiary member states,” said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.

The spread of the zero-coupon bond was fixed at mid-swaps minus 21 basis points, implying a reoffer yield of -0.007%.

Joint lead managers for the transaction were Barclays, HSBC and Societe Generale CIB. Total order books were in excess of €5 billion.
 

 Cédric Crelo

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

Anabela Reis

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

George Matlock

George Matlock
Senior Financial Spokesperson
 
+352 260 962 232