EFSF places €6 billion seven-year bond

15 January 2013

EFSF launched its 2013 funding programme with the placement of a €6 billion seven-year benchmark bond maturing on 22 January, 2020. The issuance spread at re-offer was fixed at mid swap plus 29 basis points. This implies a re-offer yield for investors of 1.612 per cent.

Barclays, Nomura and Société Générale CIB acted as lead managers for this issue. Today's issue was met with very strong demand, with over €8.3 billion in orders received from investors worldwide.

Christophe Frankel, CFO and Deputy CEO stated "Today’s transaction marks an excellent start to the EFSF’s 2013 funding programme. As EFSF enters its third year as a supranational issuer, I am pleased to see the continued loyalty of our investors”.

Regarding the maturity, Mr Frankel continued: "The appetite for today's issue demonstrates that the seven-year maturity has now achieved real benchmark status".

Press release

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