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ESM taps 2022 bond for €1 billion in auction


Press releases


Luxembourg – The European Stability Mechanism (ESM) today conducted a tap of its 0% 6-year bond maturing on 18 October 2022 through an auction. The deal raised €998.55 million, bringing the total size of the bond to nearly €5 billion (€4,995.05 million).

“Today’s tap auction met with excellent investor demand, as the orderbook was oversubscribed nine times. The transaction completes the ESM’s funding for the first quarter of 2018, and €3.5 billion is planned for the second quarter,” said Siegfried Ruhl, ESM Head of Funding and Investor Relations.

The weighted average price on today’s auction was 99.45%, and the average yield was 0.12%. The bid/cover ratio was 9. Bids for the auction were transmitted through the Deutsche Bundesbank’s ESM Bidding System (EBS).

Wolfgang Proissl

Wolfgang Proissl
Chief Spokesperson

+352 260 962 230

Michel Reijns

Michel Reijns
Acting Spokesperson

+31 6 52 82 09 38

Douwe Miedema

Douwe Miedema
Financial Press Spokesperson

+352 260 962 236

Luis Rego

Luis Rego
On leave of absence from ESM until end of March
Acting Spokesperson of the Eurogroup President

+352 260 962 235

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