EFSF sold €1.971 billion in 3-month bills. The average price for the EFSF 3-month bills was 99.94386 per cent with a maturity date of 15 March 2012 (91 interest days). The weighted average yield was 0.2222 per cent. Settlement is 15 December 2011 (T+2).
Christophe Frankel, CFO and Deputy CEO, commented: “This programme will not only extend our range of issues to the short-term, but it will increase the flexibility of the whole funding strategy”.
The auction was carried out by the German Finance Agency (Finanzagentur) using the Deutsche Bundesbank’s EFSF bidding system “EBS”.
EFSF aims to hold regular bill auctions and the calendar for 2012 is expected to be released early next year.
Press release
© EFSF - European Financial Stability Facility
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