The Mumble: EFSF should pick size over style
The European Financial Stability Facility (EFSF) is busy considering banks’ ideas on what to do in its next issuance window next week. With the European Stability Mechanism (ESM) set to begin benchmark issuance later this year and German federal elections, which could throw the eurozone debt crisis back into the forefront of investors’ minds, the issuer should forget about extending maturities and aim to pick up as much cash as possible.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
