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Interview at Brookings Institution

The Way Forward for the Eurozone and Europe: A Conversation with European Policymakers

EFSF taps 3-year bond
Luxembourg – The European Financial Stability Facility today tapped a 3-year bond, initially placed on 26 February 2013 and maturing on 7 March 2016 for an amount of €1.5 billion. This is the second tap of this bond following a first tap held on 20 March 2013.
The issuance spread at reoffer was fixed at mid swap minus 10 basis points. This implies a reoffer yield for investors of 0.381%
Credit Agricole CIB, JP Morgan and LBBW acted as lead managers for this tap.
Joint op-ed in International Herald Tribune/New York Times

Joint Op-ed by JEROEN DIJSSELBLOEM, OLLI REHN, JÖRG ASMUSSEN, KLAUS REGLING and WERNER HOYER

Published: April 17, 2013 in the International Herald Tribune and the New York Times

The current crisis has exposed both fiscal and macroeconomic imbalances caused by a lack of reforms in several euro zone countries as well as structural problems in the institutional set-up of Europe’s economic and monetary union. But in the eye of the storm, we strengthened the foundations of our currency and improved the sustainability of our economies.

EFSF places €8 billion 5-year bond

Luxembourg – European Financial Stability Facility today placed a €8 billion 5-year benchmark bond maturing on 16 April 2018. The issuance spread at reoffer was fixed at mid swap plus 9 basis points. This implies a reoffer yield for investors of 0.956%.

BNP Paribas, Goldman Sachs International and HSBC acted as lead managers for this issue.

Today's issue was met with exceptionally strong demand with over €14 billion in orders received from close to 200 investors worldwide.

EFSF taps 3 year bond
Luxembourg – The European Financial Stability Facility today tapped a 3-year bond, initially placed on 26 February 2013 maturing on 7 March 2016 for an amount of €1 billion. This tap brings the total size of the issue to €4 billion. The issuance spread at reoffer was fixed at mid swap minus 5 basis points. This implies a reoffer yield for investors of 0.548% Barclays, Morgan Stanley and UniCredit acted as lead managers for this tap.
“Die Bankenunion: Wie lässt sich das Monster zähmen?”
Interview with Publico
Interview with HN online
Interview Wirtschafstwoche
EFSF places 3-year bond
Luxembourg – European Financial Stability Facility today placed a €3 billion 3-year benchmark bond maturing on 7 March 2016. The issuance spread at reoffer was fixed at mid swap minus 5 basis points. This implies a reoffer yield for investors of 0.584%.

Credit Suisse, J.P. Morgan and Morgan Stanley acted as lead managers for this issue.