EFSF mandates HSBC, Morgan Stanley and Natixis as joint lead managers for its next issue

23 April 2012

The banks have been chosen from the 51 banks that comprise the EFSF Market Group. The scheduled seven-year benchmark bond is due to be launched shortly, subject to market conditions. This will be EFSF's first seven-year bond.

The funds raised will be used to support the financial assistance programmes for Ireland, Portugal and Greece. In November 2011, EFSF adopted a new diversified funding strategy. One consequence of this strategy is that funds are no longer attributed to a particular country. The funds are pooled and then disbursed to the programme countries.

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