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ESM Chief Economist Rolf Strauch will chair the panel on “Exit from Covid measures: impact on the EU banking sector”.
(Luxembourg) - The Board of Directors of the European Financial Stability Facility (EFSF) decided today to reduce to zero the step-up margin accrued by Greece for the period between 1 January and 17 June 2021, as part of the medium-term debt relief measures agreed for the country in 2018. The value of this fifth successive reduction amounts to €103.3 million, and will be reimbursed to Greece by the EFSF.
(Luxembourg) - The European Financial Stability Facility (EFSF) raised €2 billion on Monday with a tap sale of a 10-year bond tenor and completed its 2021 funding needs.
The EFSF no-grow tap sale takes the outstanding issue of the 0% 20 January 2031 bond to €5 billion. The spread was fixed at mid-swaps minus 5 basis points, for a reoffer yield of 0.014%. The bond was first issued in January when it raised €3 billion.
The order book was in excess of €16.5 billion, excluding joint lead manager interest.
Total Bids: € 12,510.00 mn
Competitive bids €2,340.00mn
Non-competitive bids €10,170.00mn
Allotment / Issue volume €1,498.65mn
The European Financial Stability Facility (EFSF) raised €2 billion on Monday with a tap sale of a 10-year bond tenor and completed its 2021 funding needs.
The EFSF no-grow tap sale takes the outstanding issue of the 0% 20 January 2031 bond to €5 billion. The spread was fixed at mid-swaps minus 5 basis points, for a reoffer yield of 0.014%. The bond was first issued in January when it raised €3 billion.
The order book was in excess of €16.5 billion, excluding joint lead manager interest.