EFSF taps seven-year bond

07 November 2012

The European Financial Stability Facility today tapped a seven-year bond, initially placed on 24 April 2012 maturing on 2 May 2019, for an amount of €1.5 billion. This is the second tap of the seven-year bond, following a first tap held on 20 June. It brings the total new issue size to €5.5 billion.

The issue spread at reoffer of today’s tap was fixed at mid swap plus 26 basis points. This implies a reoffer yield for investors of 1.440 per cent. Crédit Agricole CIB, DZ Bank and Goldman Sachs International acted as lead managers for this tap.

Christophe Frankel, Deputy CEO and CFO, commented: “The second tap of EFSF’s only seven-year bond was in response to strong reverse inquiries from a few banks and some large investors. It is important for us to provide opportunities that fit in with our investors’ requirements”.

Press release

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