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Provision of consultancy services for Facilities Management (Reference number: FM/08/CS/MC/18)

 

ESM Investment Guidelines
EFSF approves reimbursement and reduction of step-up interest margin for Greece

The Board of Directors of the European Financial Stability Facility (EFSF) decided today to reimburse the €103 million step-up margin paid by Greece for the period between 1 January and 17 June 2018. 

The EFSF also decided, for the period between 17 June 2018 and 17 June 2019, to reduce to zero the 2% step-up margin that would otherwise be payable on certain EFSF loans. This will save Greece €226 million, while Greece’s total benefit related to these decisions will amount to €329 million.

Rolf Strauch at 7th European Corporate M&A Conference
Klaus Regling at Europa-Symposium
Does Public Debt Produce a Crowding Out Effect for Public Investment in the EU?
Download PDF: Working Paper 36

This paper shows the detrimental effect of government debt on public investment in the EU
 

Authors: Mattia Osvaldo Picarelli (European Stability Mechanism), Willem Vanlaer (Hasselt University), Wim Marneffe (Hasselt University)

 

Abstract:

EU000A1Z9956
Repayment schedule for EFSF Bond Interest facility for Greece
Bond Interest facility Principal Payment Date  Principal payment amount (€) 28/08/2023
Repayment schedule for EFSF PSI FM facility for Greece
PSI Liability Management facility Principal Payment Date  Principal payment amount (€) 24/02/2023
Repayment schedule for EFSF debt buy-back instalment for Greece
Debt buy-back instalment Principal Payment Date  Principal payment amount (€) 17/06/2043 1,681,300,836.00