More than €10.5 billion in orders were received from investors worldwide. CEO Christophe Frankel said that thanks to consistently strong demand, the EFSF had nearly completed its funding programme for 2013.
The EFSF placed a €6 billion seven-year benchmark bond maturing on 29 October, 2020. The issuance spread was fixed at mid swap plus 20 basis points. This implies a reoffer yield for investors of 1.869 per cent. BNP Paribas, Credit Suisse and Morgan Stanley acted as lead managers for this issue.
The issue was met with solid demand, with more than €10.5 billion in orders received from investors worldwide.
Christophe Frankel, CFO and Deputy CEO, said: “Today’s EFSF issue was very successful. Thanks to consistently strong demand from our investors, we have nearly completed the EFSF funding programme for 2013. After the successful inauguration of the ESM long-term funding programme and as EFSF and ESM will both be present in the market for the years to come, we greatly appreciate that our investors continue to support both extensively.”
Press release
© EFSF - European Financial Stability Facility
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article