The European Financial Stability Facility (EFSF) placed a €7 billion one-year benchmark bond maturing on 3 December, 2013. The issuance was priced at a re-offer yield for investors of 0.22 per cent.
This inaugural one-year bond from EFSF was met with exceptionally strong demand, with close to €9 billion in orders received from investors around the world.
Christophe Frankel, CFO and Deputy CEO of EFSF, stated: “Today’s one-year bond has allowed us not only to complete the remaining €3.6 billion from this year’s funding programme but also to gain a head start for 2013".
JP Morgan, Morgan Stanley and Natixis acted as lead managers for this issue, and Deutsche Finanzagentur acted as Issuance Agent.
Press release
© EFSF - European Financial Stability Facility
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