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ESM Chief Financial Officer Kalin Anev Janse
Interviewed by Arend Jan Boekestijn and Tim de Wit on 9 July 2020
Dutch state broadcaster NPO’s podcast series Europa Draait Door
Language: Dutch
Publication date: 10 July 2020.
 
Full episode can be heard on the NPO website here.
 

The European Financial Stability Facility (EFSF) raised €4 billion with the sale of a new benchmark long 5-year bond, raising the majority of its third quarter scheduled funding target of €5 billion.

For the new 0% coupon bond, maturing on 15 October 2025, the spread was fixed at mid-swaps minus 10 basis points, for a reoffer yield of -0.426%. The order book was in excess of €11 billion, excluding interest from the joint lead managers Barclays, Deutsche Bank and Morgan Stanley.

(Luxembourg) - The European Financial Stability Facility (EFSF) raised €4 billion with the sale of a new benchmark long 5-year bond, raising the majority of its third quarter scheduled funding target of €5 billion.

For the new 0% coupon bond, maturing on 15 October 2025, the spread was fixed at mid-swaps minus 10 basis points, for a reoffer yield of -0.426%. The order book was in excess of €11 billion, excluding interest from the joint lead managers Barclays, Deutsche Bank and Morgan Stanley.

(Luxembourg) - The Board of Directors of the European Financial Stability Facility (EFSF) decided today to reduce to zero the step-up margin accrued by Greece for the period between 1 January 2020 and 17 June 2020, as part of the medium-term debt relief measures agreed for the country in 2018. The value of the reduction amounts to €103.64 million.

The EFSF, the European Financial Stability Facility rated AA (S&P) / Aa1 (Moody's) / AA (Fitch) has mandated Barclays, Deutsche Bank and Morgan Stanley to joint lead manage its upcoming tranche consisting of a new 5yr benchmark due October 2025 in REGS Bearer format. The remaining EFSF market group members will be invited to participate as co-lead managers once the book is officially open.

 
 
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