EFSF places €5 billion 10-year bond

16 May 2013

On 16 May, 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 per cent.

BNP Paribas, Deutsche Bank and JP Morgan acted as lead managers for this issue. The issue has drawn strong demand, with more than €6.5 billion in orders received from investors worldwide.

Christophe Frankel, CFO and Deputy CEO, stated: "Strong demand and favourable market conditions allowed us to increase our funding target for Q2 to €20 billion. Following today’s issue, we have now raised €16.5 billion this quarter, so we are now well on track to reach our target”.

Press release

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