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(Luxembourg) - The European Financial Stability Facility (EFSF) raised €4 billion with the sale of a new bond on Monday, which ensured that 50% of its annual long-term funding target of €20 billion has been satisfied just two weeks into the second quarter of 2023.
The EFSF sold a new 5-year 3.0% bond, maturing on 15 December 2028. The spread was fixed at mid-swaps minus 7 basis points, for a reoffer yield of 3.078%. The order book was over €9 billion, excluding joint lead manager interest.
Interviewer: Joumanna Bercetche
14 April 2023
Bank of America Small Talks Symposium, 13 April 2023
ESM Chief Economist Rolf Strauch and Principal Economist Gergely Hudecz joined the Small Talks Symposium organised by Bank of America to present the economic outlook and policies in Europe.
Call for Papers
European Stability Mechanism
Workshop
24-25 October 2023
Venue: European Stability Mechanism, Luxembourg
Submission Deadline: 30th June 2023
ESM Secretary General and Management Board Member Nicola Giammarioli will take part in a panel discussion “A Resilient and Sovereign Europe: How to Thrive in a Fragmented World”.
Programme
ESM Chief Economist and Management Board Member Rolf Strauch will participate in the Eurofi High Level Seminar in Stockholm. He will chair the session "Stagflation in Europe: challenges and the way forward for monetary and fiscal policies". The speakers will include: Declan Costello (Deputy Director General, DG ECFIN, European Commission), Johan Van Overtveldt (Chair of Committee on Budgets, European Parliament), Alfred Kammer (Director of the European Department, IMF) and Michala Marcussen (Chief Economist, Société Générale).
ESM Secretary General and Management Board Member Nicola Giammarioli will take part in the SUERF BAFFI Bocconi webinar, as a panellist in a discussion on the key findings of the book “Completing a Genuine Economic and Monetary Union” by Professor Iain Begg.