EFSF places €6 billion five-year bond

10 July 2012

The European Financial Stability Facility today placed a €6 billion five-year benchmark bond maturing on 15 September, 2017. The issuance spread at re-offer was fixed at mid swap plus 50 basis points. This implies a re-offer yield for investors of 1.652 per cent.

The issue was met with very strong demand with close to €8 billion in orders received from investors worldwide. Crédit Agricole CIB, Morgan Stanley and UniCredit acted as lead managers for this issue, and Deutsche Finanzagentur acted as Issuance Agent.

Christophe Frankel, CFO and Deputy CEO, stated: "As our largest issue to date, today's €6 billion placement demonstrates investor confidence in the EFSF name, irrespective of the volatile market environment".

Press release

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