Search
(Luxembourg) - The European Financial Stability Facility (EFSF) raised €2 billion on Tuesday with a 10-year bond tenor towards its 2022 funding needs.
The EFSF issued a new 2.375% 21 June 2032 bond. The spread was fixed at mid-swaps plus 1 basis point, for a reoffer yield of 2.447%.
It means that the EFSF has now funded more than half of its €19.5 billion long-term funding requirement for 2022, with €10.5 billion issued so far this year.
The order book for the latest EFSF bond sale was €2.6 billion, excluding joint lead manager interest.
Capital Markets Seminar - Europe United: resilience, green and digital transformation
(Luxembourg) - The European Stability Mechanism (ESM) and sister borrower, the European Financial Stability Facility (EFSF), note the decision of Moody’s Investor Service to upgrade the long-term credit ratings of both institutions to Aaa from Aa1 on Friday.
The rating action was announced by Moody’s late on Friday after financial markets closed.
The Annual Meeting of the ESM Board of Governors will take place at ESM premises in Luxembourg on 16 June.
Draft annotated agenda