The EFSF tapped a 25-year bond, initially placed on 12 June 2012 maturing on 3 April 2037, for an amount of €1 billion. This is the second tap of EFSF's longest-dated bond, following a first tap held on 4 July 2012. It brings the total new issue size to €3.5 billion.
The issuance spread at reoffer was fixed at mid swap plus 45 basis points. This implies a reoffer yield for investors of 2.959 per cent. Commerzbank, Société Générale CIB and UniCredit acted as lead managers for this tap.
Christophe Frankel, CFO and Deputy CEO, stated: “Our second transaction this week following the tap via auction held on Tuesday, this tap of our longest bond responds to reverse inquiries from some of our key investors".
Press release
© EFSF - European Financial Stability Facility
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