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Today ESM, the European Stability Mechanism, rated Aa1 (Moody’s) / AAA (Fitch) / AAA (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 19th October 2020, subject to market conditions.
Regional Financing Arrangements (RFAs) from across the world held their fifth Annual High-level Dialogue today to discuss the important role that multinational cooperation should play at a time when the international community continues to suffer from the extraordinary human and economic crisis caused by Covid-19. The meeting was held virtually this year.
“Fiscal rules: Drawing lessons from the past”
Interparliamentary Conference on Stability, Economic Coordination and Governance in the EU
Online, 12 October 2020
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Good afternoon.
The European Financial Stability Facility (EFSF) raised €4 billion towards its fourth quarter €5 billion funding needs with a dual-tranche transaction on Tuesday, which drew a combined order book of nearly €29 billion, despite both recording all-time low yields for their maturities.