EFSF goes from underfunded to prefunded with “unique” short dated syndication
The European Financial Stability Facility adopted an innovative approach to tackling a €3.6bn hole in its 2012 funding target on Tuesday — and ended up printing its largest ever syndicated deal. The barnstorming trade pushes the supranational over the finish line for 2012 as well as taking a healthy chunk out of its 2013 needs.
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