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(Luxembourg) - The European Stability Mechanism (ESM) attracted strong demand for its new 5-year maturity bond on Monday, with order books six times the €2 billion sold.

The no-grow 1% 23 June 2027 bond achieved an order book in excess of €12.7 billion, excluding joint lead manager interest.

The spread was fixed at mid-swaps minus 25 basis points, for a positive reoffer yield of 1.104%.

Photo credit: Duarte Roriz

ESM Chief Economist Rolf Strauch will participate in a panel discussion "Macroeconomic Outlook – Europe’s path to growth" at the 2nd Annual European Financial Integration Conference organised by AFME and OMFIF. The following topics will be discussed:

ESM Chief Economist Rolf Strauch will participate in the panel session "From shock to shock. Resilience and inequality" at the International Economics Festival in Turin on 1 June. 

Other speakers in the panel include:

Jornal de Negócios: Com a subida das taxas de juro, há o risco de que os encargos com a dívida pública se tornem muito difíceis de gerir?

Jornal de Negócios: With interest rates rising, is there not a risk that the burden of public debt will become very difficult to manage?

(Es gilt das gesprochene Wort)
 

Guten Abend,

zunächst einen verspäteten, aber dennoch herzlichen Glückwunsch an die Börsen-Zeitung zum 70-jährigen Bestehen.

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Good evening,

First, a belated but heartfelt congratulations to the Börsen-Zeitung on its 70th anniversary.

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Good afternoon,