EFSF to enter hot euro market, Greece too?
The European Financial Stability Facility is set to enjoy enviable conditions when it comes to the euro market next week — during which the Greek sovereign could also make an appearance. Demand at the long end has been particularly strong due to a yield spike last week, which KfW and SCNF Réseau have since taken advantage of.
The Greek government has for several months expressed its wish to return to the capital markets, and some market commentators believe the return could be imminent.
“We’re expecting a five year deal with a coupon around 4.5% next week,” said Bill Blain, head of capital markets at Mint
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