Safety measures concerning the Coronavirus COVID-19. Read more about the measures.

x

ESM adds €1 billion to 2024 bond in tap auction

Press releases
ESM
Luxembourg, Luxembourg

Luxembourg – The European Stability Mechanism (ESM) today conducted a tap auction of a €3 billion 8-year bond maturing on 22 April 2024. An additional €961 million was issued, bringing the total size of the existing bond to just under €4 billion.

The transaction reduces the remaining funding needs for the ESM for the third quarter to €1 billion.

“We were pleased to see strong bidding at the ESM auction today. The reopening of the 2024 bond with an auction provides additional secondary market liquidity for investors at this maturity,” said Siegfried Ruhl, ESM Head of Funding.

The weighted average price was 101.82% and the average yield was -0.11%. The bid/cover ratio was 2.8. Bids for the auction were transmitted through the Deutsche Bundesbank’s ESM Bidding System (EBS).

Contacts

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

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

George Matlock
Senior Financial Spokesperson
+352 260 962 232

Juliana Dahl
Principal Speechwriter and Principal Spokesperson
+352 260 962 654