The EFSF placed a €4 billion 10-year bond maturing on 19 February, 2024. The issuance spread was fixed at mid swap plus 24 basis points.
This implies a reoffer yield for investors of 2.150 per cent. The coupon rate is 2.125 per cent.
Barclays, BNP Paribas and JP Morgan acted as lead managers. The issue has drawn strong demand, with €5.3 billion in orders received from investors worldwide.
Christophe Frankel, CFO and Deputy CEO, said: “This second transaction of the year for the EFSF shows that we are well on track, having now completed €12 billion out of the €34.5 billion target for this year. Our next scheduled potential issuance window will be the week of 24-28 February and it may be used for either the EFSF or ESM”.
Press release
© EFSF - European Financial Stability Facility
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