All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

ESM slashes funding target

The European Stability Mechanism has cut its funding target for the rest of the year by €2bn after Spain made an early repayment on its €41.3bn ESM loan for the recapitalisation of its banking sector. The move means that the ESM will be able to complete its funding for the year with just one more benchmark, said SSA bankers.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree