ESM expected in dollars next week

Dollars_US_Fotolia_230x150
By Burhan Khadbai
21 Aug 2019

The European Stability Mechanism is expected to use its scheduled funding window next week to issue a dollar bond after it did not send out a request for proposals for a euro deal as it usually does, according to market participants.

When the ESM and sister issuer, the European Financial Stability Facility (EFSF), issue euro bonds, they typically send banks an RFP on the Wednesday before its funding window.

However, after no RFP was sent, SSA bankers said, which they interpreted as meaning the ESM will likely issue a ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.