EFSF places three-year bond

26 February 2013

The European Financial Stability Facility today placed a €3 billion three-year benchmark bond maturing on 7 March, 2016. The issuance spread at reoffer was fixed at mid swap minus 5 basis points. This implies a reoffer yield for investors of 0.584 per cent.

Credit Suisse, JP Morgan and Morgan Stanley acted as lead managers for this issue.

Christophe Frankel, CFO and Deputy CEO, stated: "With today’s three-year bond, EFSF is close to completing its announced funding target of €16.5 billion for Q1 one month ahead of schedule. This quarter has been particularly well diversified in terms of issuance with maturities ranging from three to 25 years”.

Press release

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