EFSF taps seven-year bond via auction

10 September 2013

The European Financial Stability Facility held a tap via auction of the seven-year bond which was initially issued on 10 July 2013 for an amount of €5 billion.

Christophe Frankel, CFO and Deputy CEO, said: "Although this week was announced as a potential issuance week, successful funding throughout the quarter meant that only €1 billion was required in order to complete the funding target of €13 billion. Strong performance and continued investor demand led us to choose the seven-year bond for a reopening”.

This is the fourth time that EFSF has held a tap via auction, following the successful reopening of a 10-year bond in February and taps of a three-year and five-year bond in 2012.

Full article

© EFSF - European Financial Stability Facility