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 America, LBBWand 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