EFSF plumps for sevens as BNG falls short

October 21, 2013 12:00 am

The European Financial Stability Facility announced a seven year benchmark on Monday afternoon offering initial price thoughts wide of where the issuer's 10 year debt was trading on a mid-market basis, according to bankers away from the deal. The supranational announced the mandate as Bank Nederlandse Gemeenten failed to get over the line with a five year syndication.

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