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EFSF taps 7-year bond

Press releases

Luxembourg – The European Financial Stability Facility today tapped a 7-year bond, initially placed on 15 January 2013 maturing on 22 January 2020 for an amount of €2 billion. This tap brings the total size of the issue to €8 billion.

The issuance spread at reoffer was fixed at mid swap plus 19 basis points. This implies a reoffer yield for investors of 1.251%.

Bank of America Merrill Lynch, Citi and DZ Bank acted as lead managers for this tap.

Christophe Frankel, CFO and Deputy CEO stated “Strong reverse inquiries led us to carry out a final tap before the change of our guarantee structure due to the stepping out of Cyprus. Today’s transaction has enabled us to already raise €11.5 billion out of the €16.5 billion we announced for this quarter.”



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