The European Financial Stability Facility today placed a €5 billion five-year benchmark bond maturing on 5 February, 2018. The issuance spread at reoffer was fixed at mid swap plus 17 basis points. This implies a reoffer yield for investors of 1.346 per cent.
Deutsche Bank, HSBC and Royal Bank of Scotland acted as lead managers for this issue. Today's issue was met with strong demand, with close to €7 billion in orders received from investors worldwide.
Christophe Frankel, CFO and Deputy CEO, stated: "Amid favourable market conditions, EFSF is continuing its funding programme at a sustained rate. Our next issuance window is scheduled for the week of 11 February, subject to market conditions".
Press release
© EFSF - European Financial Stability Facility
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