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The result of the auction of 21 September 2021 for the 6-months Bills of the ESM was as follows:

Total Bids € 13,058.00 mn
Competitive bids € 3,453.00 mn
Non-competitive bids € 9,605.00 mn
Allotment / Issue volume € 1,500.00 mn

(Luxembourg) – The European Stability Mechanism (ESM) has appointed Tiny Ergo for the position of Head of Asset & Liability Management (ALM) and Financial Structuring.

Prior to joining the ESM, Ms Ergo gained more than 20 years of experience in the financial sector; including banking, insurance and asset management. She was active in investments, risk, ALM, Funding & Treasury and held a senior executive position at KBC Asset Management and a Board member role at BPost Banque. 

(Luxembourg) – The European Stability Mechanism (ESM) has appointed Silke Weiss as Head of Funding and Investor Relations.

Since October 2020, Ms Weiss had assumed the role of acting Head of Funding and Investor Relations. Following a competitive process, she will become Head of the division, effective October 1. Prior to the appointment, she was Team Lead for Planning and Execution. Ms Weiss joined the ESM in 2013 as Principal Funding Officer. 

The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.5 billion is envisaged.

Time schedule of the auction procedure:
Date of invitation to bid: Monday, 20 September 2021
Bidding period: Tuesday, 21 September 2021, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 23 September 2021

On the EU’s response to Covid-19:

The result of the auction of 14 September 2021 for the 12-months Bills of the ESM was as follows:

Total Bids € 9,711.00 mn
Competitive bids € 1,849.00 mn
Non-competitive bids € 7,862.00 mn
Allotment / Issue volume € 1,099.96 mn