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EFSF taps 3 year bond

Press releases
EFSF
Luxembourg – The European Financial Stability Facility today tapped a 3-year bond, initially placed on 26 February 2013 maturing on 7 March 2016 for an amount of €1 billion. This tap brings the total size of the issue to €4 billion. The issuance spread at reoffer was fixed at mid swap minus 5 basis points. This implies a reoffer yield for investors of 0.548% Barclays, Morgan Stanley and UniCredit acted as lead managers for this tap.

Christophe Frankel, CFO and Deputy CEO stated “Despite the volatile market environment, EFSF responded to reverse inquiries from key investors and successfully raised €1 billion today, bringing the total amount raised for Q1 to €17 billion.”

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