The EFSF today tapped a three-year bond, initially placed on 26 February 2013 and maturing on 7 March 2016, for an amount of €1.5 billion. This is the second tap of this bond following a first tap held on 20 March 2013.
The issuance spread at reoffer was fixed at mid swap minus 10 basis points. This implies a reoffer yield for investors of 0.381 per cent. Credit Agricole CIB, JP Morgan and LBBW acted as lead managers for this tap.
Christophe Frankel, CFO and Deputy CEO, stated: “This tap, coming in response to reverse investor inquiries in the shorter end of the curve, has allowed us to bring the total size of this bond to €5.5 billion”.
Press release
© EFSF - European Financial Stability Facility
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article