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The EFSF and ESM lending rates aim to fully cover their funding and operational costs and reflect the varying risk profiles of each funding instrument.
Introductory remark
I also welcome the progress we achieved today in the Eurogroup. We found an agreement for the disbursement of the second tranche under the current programme. The second tranche will amount to €10.3 billion; this will follow the first tranche of €21.4 billion, which was disbursed, as you remember, from September to December last year.
FAQ on decisions concerning Greece at Eurogroup meeting on 25 May 2016
1. What was decided on the next ESM loan tranche for Greece?
The Eurogroup welcomed the full staff-level agreement that was reached between Greece and the institutions. Subject to the completion of some remaining prior actions and national parliamentary procedures, the ESM Board of Directors is expected to approve the disbursement of the second tranche of the ESM loan facility amounting to €10.3 billion.
1. What was decided on the next ESM loan tranche for Greece?
The Eurogroup welcomed the full staff-level agreement that was reached between Greece and the institutions. Subject to the completion of some remaining prior actions and national parliamentary procedures, the ESM Board of Directors is expected to approve the disbursement of the second tranche of the ESM loan facility amounting to €10.3 billion.
On 24 May 2012, EFSF successfully placed a 3 year bond attracting some very large orders from new investors.
On 15 January 2013, EFSF launched its 2013 funding programme with the placement of a 7- year syndicated bond.