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The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.
Time schedule of the auction procedure:
Date of invitation to bid: Thursday, 28 March 2024
Bidding period: Tuesday, 2 April 2024, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 4 April 2024
Climate change triggers weather shocks like heatwaves and floods, which can wreak havoc on places that are insufficiently prepared for the intensity and frequency of such events. Such physical risks can entail capital and productivity losses in addition to hardships for people. It takes time and resources to adapt, if even possible, to rising temperatures and sea-levels. These costs can place a financial burden on the countries affected.
The result of the auction of 19 March 2024 for the 6-months Bills of the ESM was as follows:
Total Bids € 2,143.00 mn
Competitive bids € 383.00 mn
Non-competitive bids € 1,760.00 mn
Allotment / Issue volume € 1,016.60 mn
To provide our valued investors and stakeholders with a clear insight into the advantages and mechanics of the ECP programme, we have produced an informative video.
This brief but comprehensive guide provides insights into how the programme functions, its objectives, and the opportunities it presents.
The European Stability Mechanism (ESM) will launch 6-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.
Time schedule of the auction procedure:
Date of invitation to bid: Monday, 18 March 2024
Bidding period: Tuesday, 19 March 2024, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 21 March 2024