EFSF completes 2013 funding with 16 year

The European Financial Stability Facility (EFSF) opted for a long-dated print this week to round off its funding for the year. Despite coming at a double digit spread through France and with a sub 3% coupon, it attracted an oversubscribed book as investors snapped up the opportunity to buy what could be the last supranational or agency benchmark of the year.