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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%.

The ESM raises €2bn in a new June 2027 bond

(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%.

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:

-          Beata Javorcik – Chief Economist, EBRD
-          Friederike (Fritzi) Köhler-Geib - Chief Economist, KFW
-          Debora Revoltella – Chief Economist, EIB
-          Natacha Valla, Dean, Science-Po School of Management and Innovation
 

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, 16 May 2022
Bidding period: Tuesday, 17 May 2022, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 19 May 2022

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?

The ESM, the European Stability Mechanism, rated Aa1 (Moody’s) / AAA (Fitch) / AAA (S&P), has sent a Request for Proposal to a selection of banks from the EFSF/ESM Market Group with regards to an upcoming transaction, subject to market conditions.

(Es gilt das gesprochene Wort)
 

Guten Abend,

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