EFSF and CoE price tightly, three more SSAs coming to euros

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By Burhan Khadbai
03 Apr 2019

The European Financial Stability Facility and Council of Europe Development Bank left little on the table with their euro bond issues on Wednesday. More supply is expected, as three more borrowers have picked banks for deals expected this week.

EFSF priced a €3bn no-grow April 2035 (16 year bond) via BarclaysBNP Paribas and DZ Bank.

After the mandate announcement on Tuesday, the leads opened the books on Wednesday with guidance of 5bp area over mid-swaps.

Less than an hour later, the books had topped ...

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