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ESM prices its inaugural US dollar issue raising $3 billion

The European Stability Mechanism made its debut in the dollar market, raising $3 billion through the launch of a new 5-year bond.
“I am very happy with the successful launch of the ESM’s first-ever dollar-denominated bond after more than a year of preparations. Issuing bonds in dollars will allow us to broaden our investor base and spread our funding liquidity risk across the euro and dollar markets,” said Kalin Anev Janse, ESM Secretary General, and member of the Management Board responsible for Funding, Asset Liability Management and Lending. 

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On 24 October 2017 the ESM priced its inaugural US dollar issue raising $3 billion
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On 24 October 2017 the ESM priced its inaugural US dollar issue raising $3 billion
ESM debuts in dollar market, raises $3 billion


THIS ANNOUNCEMENT RELATES TO AN OFFERING OF SECURITIES OFFERED AND SOLD PURSUANT TO RULE 144A AND/OR REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND IS ONLY DIRECTED AT QUALIFIED INSTITUTIONAL BUYERS UNDER RULE 144A OR PERSONS OTHER THAN U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) TO WHOM THE DISTRIBUTION OF THIS INFORMATION, WHETHER DIRECTLY OR INDIRECTLY, IS NOT UNLAWFUL.
 

Massimo Giuliodori (University of Amsterdam) speaks at the ESM
"Private and public risk sharing in the euro area" From the author:
Kalin Anev Janse in interview with Boersen-Zeitung

Interview with Kalin Anev Janse, ESM Secretary General
Boersen-Zeitung (Germany)
21 October 2017
Interviewer: Kai Johannsen

Mr. Anev Janse, the ESM is about to make its debut in the dollar market. When are you likely to enter the market?

Noëmie Lisack (Bank of England) speaks at the ESM
"Demographic Trends and the Real Interest Rate"

From the author:

ESM hosts workshop: Cross-Border Capital Flows and Capital Markets Union
The views of the researchers participating in the, "Cross-Border Capital Flows and Capital Markets Union Quo Vadis Europe?" workshop do not necessarily reflect the views of the ESM or ESM policy.

Time shown is local time. Event by invitation only.

Overview
ESM hosts workshop "Cross-Border Capital Flows and Capital Markets Union"
Deep and integrated financial markets are key for the smoothing of economic cycles across countries, financial stability and the transmission of monetary policy. Yet, despite some recent improvements, the degree of financial integration in European capital markets remains limited. This is evidenced, for instance, by the large fragmentation of retail credit markets, subdued cross-border private risk sharing, and persistent home bias in portfolio allocations.
“Unfinished business in the new EU political constellation” - Klaus Regling speaks in Berlin