EFSF places 25-year bond

12 June 2012

EFSF today placed a €1.5 billion short 25-year bond maturing on 3 April, 2037. The issuance spread at reoffer was fixed at mid swap plus 130 basis points. This implies a reoffer yield for investors of 3.420 per cent.

Christophe Frankel, CFO and Deputy CEO, stated: “The successful execution of this issue highlights investors’ trust in the EFSF name. By adding a 25-year issue today, EFSF now has a wide offering right across the yield curve.”

BNP Paribas, Deutsche Bank and JP Morgan acted as joint lead managers for this issu, and Deutsche Finanzagentur acted as Issuance Agent. The funds raised will be used to support the financial assistance programmes for borrower Member States. 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 beneficiary countries.

Press release

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