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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.
 

The result of the auction of 3 November 2020 for the 3-months Bills of the ESM was as follows:
Total Bids: €10,482.00 mn
Competitive bids €1,749.00 mn
Non-competitive bids €8,733.00 mn
Allotment / Issue volume €1,999.12 mn

The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 2 billion is envisaged.

Time schedule of the auction procedure:
Date of invitation to bid: Monday, 2 November 2020
Bidding period: Tuesday, 3 November 2020, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 5 November 2020