Search
The result of the auction of 8 September 2020 for the 3-months Bills of the ESM was as follows:
Total Bids €10,954.00mn
Competitive bids €3,407.00mn
Non-competitive bids €7,547.00mn
Allotment / Issue volume €1,997.58mn
Klaus Regling in interview with CNBC
Transcript of interview with ESM Managing Director Klaus Regling
CNBC Squawk Box Europe & Street Signs Europe in Cernobbio, Italy
Recorded 5 September 2020, Broadcasted 8 September 2020
Interviewer: Steve Sedgwick
“A fresh look at debt sustainability in the euro area”
Keynote speech at 4th Interdisciplinary Sovereign Debt Research and Management Conference
8 September 2020
Please check against delivery
Good afternoon,
(Luxembourg) - The European Stability Mechanism (ESM) has appointed Nicola Giammarioli, ESM Secretary General, to its Management Board. Mr Giammarioli will be also heading the newly created Secretary General Department, comprising the ESM’s Corporate Governance and Internal Policies division, as well as the Policy Strategy and Institutional Relations division. The appointment will become effective on 18 September 2020.
Authors: Jasper Aerts and Pedro Bizarro
“Policy measures to support the EU economies”
Ambrosetti Forum
Cernobbio, 5 September 2020 (Please check against delivery)
Good morning,
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, 7 September 2020
Bidding period: Tuesday, 8 September 2020, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 10 September 2020
THIS ANNOUNCEMENT RELATES TO AN OFFERING OF SECURITIES OFFERED AND SOLD PURSUANT TO RULE 144A AND/OR REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND IS ONLY DIRECTED AT QUALIFIED INSTITUTIONAL BUYERS UNDER RULE 144A OR PERSONS OTHER THAN U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) TO WHOM THE DISTRIBUTION OF THIS INFORMATION, WHETHER DIRECTLY OR INDIRECTLY, IS NOT UNLAWFUL.