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"Regional Financing Arrangements will be an important pillar of global monetary and financial system stability"
Article published in Tsinghua Financial Review
(Transcript of speech at Tsinghua PBCSF Global Finance Forum 2024)
5 August 2024
The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.
Time schedule of the auction procedure:
Date of invitation to bid: Monday, 2 September 2024
Bidding period: Tuesday, 3 September 2024, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 5 September 2024
"Euro at 25: Past Challenges, Future Opportunities"
Find here the presentation: THE EURO@25 - PAST CHALLENGES, FUTURE OPPORTUNITIES
Today ESM, the European Stability Mechanism, rated Aaa (Moody’s) / AAA (Fitch) / AAA (S&P), has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction, subject to market conditions.
(Luxembourg) - The European Financial Stability Facility (EFSF) raised €5 billion on Tuesday in a dual-tranche bond transaction – completing its €20 billion long-term funding programme for 2024.
The EFSF raised €3 billion in a new long 3-year 2.5% bond, maturing on 15 December 2027. The spread was fixed at mid-swaps plus 4 basis points, for a reoffer yield of 2.594%. The order book was above €6.25 billion, excluding joint lead manager interest.
The European Financial Stability Facility (EFSF) raised €5 billion on Tuesday in a dual-tranche bond transaction – completing its €20 billion long-term funding programme for 2024.
Introductory remarks at panel discussion “Fiscal-monetary interactions – lessons from the recent experience”
Meeting of European Economic Association and European Econometric Society
Rotterdam, 27 August 2024
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