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Question: You had visited Beijing and discussed China's investments in EFSF in Oct. 2011. Now you are going to China again. How much has China invested in EFSF/ESM until now?
Luxembourg – The European Financial Stability Facility (EFSF) disbursed today €7.2 billion to Greece for the recapitalisation of the banking sector. Klaus Regling, EFSF CEO said: “The funds transferred to Greece should help to create a healthy and functioning financial sector, which is a precondition for the recovery of the Greek real economy”.
This amount was transferred via a cashless operation in two separate series: €3.6 billion in 11-year Floating Rating Notes (FRN) and €3.6 billion in 12-year FRN.
Luxembourg – The European Financial Stability Facility today placed a €4 billion 4 -year benchmark bond maturing on 5 June 2017. The issuance spread at reoffer was fixed at mid swap plus 4 basis points. This implies a reoffer yield for investors of 0.804%.
Barclays, Credit Agricole CIB and J.P. MORGAN acted as joint lead managers for this issue.
Today's issue has drawn strong demand with close to €5 billion in orders received from investors worldwide.
Luxembourg – The European Financial Stability Facility disbursed today €4.2 billion to Greece. This follows the approval by the EFSF Board of Directors on 15 May. The funds were transferred in cash and the maturity of the loan is 17 May 2043.
Luxembourg – The European Financial Stability Facility today placed a €5 billion 10-year benchmark bond maturing on 23 May 2023. The issuance spread at reoffer was fixed at mid swap plus 32 basis points. This implies a reoffer yield for investors of 1.927%.
BNP Paribas, Deutsche Bank and J.P. Morgan acted as lead managers for this issue.
Today's issue has drawn strong demand, with more than €6.5 billion in orders received from investors worldwide.
Luxembourg – The Board of Directors of the European Stability Mechanism (ESM) approved the Financial Assistance Facility Agreement and the disbursement of the first tranche of financial assistance to the Republic of Cyprus. The first tranche is transferred in two separate disbursements: the first – of €2 billion has been transferred today, and the second – of up to €1 billion to be transferred before 30 June 2013. Both disbursements will be made in cash, and will be used for the general financing needs of the public sector (roll-over of maturing debt) and fiscal needs.