EFSF taps 25-year bond
The issuance spread at reoffer was fixed at mid swap plus 45 basis points. This implies a reoffer yield for investors of 2.959%
Commerzbank, Société Générale CIB and UniCredit acted as lead managers for this tap.
Christophe Frankel, CFO and Deputy CEO stated “Our second transaction this week following the tap via auction held on Tuesday, this tap of our longest bond responds to reverse inquiries from some of our key investors.”