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Luxembourg – The European Financial Stability Facility (EFSF) today raised €1.5 billion by issuing a tap of its existing €2 billion 10-year bond, and completed its fourth quarter funding needs.
“With today’s bond sale, the EFSF has joined the European Stability Mechanism in completing its funding needs for 2019. Furthermore, the tap sale means the EFSF’s €2 billion 2029 bond has reached benchmark size of €3.5 billion. We have achieved a more liquid on-the-run bond in the key 10-year maturity area,” said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.
Published by Phileleftheros (Cyrpus)
Interview conducted on 5 November 2019
Published on 10 November 2019
Interviewer: Dimitra Lantou
Original language: English
How do you evaluate the Cyprus economy? How can our country differentiate its economic model from the current dependence on services, real estate and tourism?
Speech in panel discussion “Trade Wars: Impact on macro economy, monetary policy and challenges for Europe”
Credit Agricole Central Bank Conference
Monaco, 8 November 2019
(Please check against delivery)
Thank you for the kind words, Louis.
Press conference after Eurogroup meeting
7 November 2019
This paper shows that liquidity linkages in European sovereign bond markets can amplify fundamental economic shocks.
Authors: Daragh Clancy (ESM), Peter G. Dunne (Central Bank of Ireland), Pasquale Filiani (Central Bank of Ireland)