The European Financial Stability Facility today placed a €4 billion four-year benchmark bond maturing on 5 June, 2017. The issuance spread at reoffer was fixed at mid swap plus 4 basis points. This implies a reoffer yield for investors of 0.804 per cent.
Barclays, Credit Agricole CIB and JP MORGAN acted as joint lead managers for this issue. The issue has drawn strong demand with close to €5 billion in orders received from investors worldwide.
Christophe Frankel, CFO and Deputy CEO, stated: "With the choice of the four-year maturity we attracted again strong investor demand. It enables us to reach our funding target for the first half of the year. Therefore, there will be no further benchmark transaction until the end of the quarter.”
Press release
© EFSF - European Financial Stability Facility
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