The European Financial Stability Facility (EFSF) on Wednesday raised €6 billion in a new February 2025 bond, its first issue of the year.
'Our 7-year transaction today was well received by high-quality investors. Orders came in quickly and the final orderbook of more than €13 billion allowed us to issue a new liquid €6 billion benchmark. The remaining funding needs of €8.5 billion will ensure our market presence in the remainder of the quarter,' said Siegfried Ruhl, EFSF Head of Funding and Investor Relations.
The spread of the 0.4% bond was fixed at mid-swaps minus 16 basis points for a reoffer yield of 0.437%. The order book was in excess of €13 billion.
Barclays, Credit Agricole CIB and UniCredit were joint lead managers for the deal.
ESM - European Stability Mechanism published this content on 10 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 January 2018 15:54:03 UTC.
Original documenthttps://www.esm.europa.eu/press-releases/efsf-raises-€6-billion-new-7-year-bond
Public permalinkhttp://www.publicnow.com/view/4F3E856CC15E35E4DECAAEF41F1198583B438958
