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Rolf Strauch at the Cypriot Economic Society
Time shown is local time.
Kalin Anev Janse at the Global Digital Banking Conference
ESM at a glance
The European Stability Mechanism (ESM) is a crisis resolution mechanism established by the euro area countries. Since its inauguration in October 2012, the Luxembourg-­based ESM has provided financial assistance to ESM ­Members experiencing or threatened by severe financing problems to safeguard the financial stability of the euro area as a whole and of its member states.
Staff statement following the third post-programme mission to Greece
Staff statement following the third post-programme mission to Greece

 

ESM Annual Report 2018
         
Adjustment of ESM capital contribution keys
Adjustment of ESM capital contribution keys (due to the end of the temporary correction period for Slovenia)  

The ESM has adjusted the capital contribution keys for 14 of its Members, following the end of the temporary correction period for Slovenia.

In line with Article 42 of the ESM Treaty, ESM Members whose GDP per capita is less than 75% of the EU average benefit from a temporary correction of the capital contribution key for a period of 12 years after the date of their adoption of the euro.

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The ESM reopened the March 2029 bond increasing its size by €1 billion, taking the total outstanding to €3 billion.
 

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The ESM reopened the January 2022 bond increasing its size by €1.5 billion, taking the total outstanding to €4.5 billion.
ESM raises €2.5 billion in two bond deals

The European Stability Mechanism (ESM) raised €2.5 billion today in a dual-tranche reopening of two existing bonds.
 
“Today we reached our Q2 funding targets for the ESM with a successful dual-tranche tap transaction. Total demand was very strong, with €8.6 billion in orders. We added liquidity to two points on the curve, and were able to bring both bonds closer to our usual benchmark size.” said Siegfried Ruhl, ESM Head of Funding and Investor Relations.