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Joaquín Almunia, in his capacity as Independent High-Level Evaluator for the European Stability Mechanism (ESM), will present the findings of the evaluation report Lessons from Financial Assistance to Greece.

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Today (9th November) EFSF, the European Financial Stability Facility rated AA (S&P)/Aa1 (Moody's) /AA (Fitch) has mandated Barclays, Citi and LBBW as joint lead managers for its upcoming transaction consisting of a re-opening of the EFSF 0.875 4/10/35 bond. No further group. The transaction is expected to be launched and priced in the near future, subject to market conditions. FCA/ICMA stabilisation.
 
The manufacturer target markets (MIFID II product governance) as assessed by the lead managers are eligible and professional counterparties (all distribution channels).

The European Stability Mechanism (ESM) will launch 12-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, 9 November 2020
Bidding period: Tuesday, 10 November 2020, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 12 November 2020

 

Today EFSF, the European Financial Stability Facility, rated Aa1 (Moody’s) / AA (Fitch) / AA (S&P), has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction scheduled for the week of 09th November 2020, subject to market conditions.

 
Good evening, I also want to begin by saying that on behalf of the ESM, we are dismayed about the terrible terrorist attacks in Austria and France and offer our condolences.