EFSF chooses threes as Ireland looks for green tap

Euro 230x150
By Burhan Khadbai
09 Oct 2019

The European Financial Stability Facility (EFSF) is preparing its first benchmark of the fourth quarter and Ireland has picked the banks to lead the first tap of its sovereign green bond.

EFSF has mandated Bank of AmericaLBBWand NatWest Marketsto lead a long three year euro benchmark due in July 2023.

Bankers had expected EFSF to target the middle of the euro curve, stating that there was strong demand between five and 10 years. However, the supranational has a ...

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