EFSF wraps up funding year as EAA grabs €1bn in euro return

By Burhan Khadbai
12 Nov 2019

The European Financial Stability Facility rounded off its 2019 funding programme on Tuesday, but some on-looking bankers remarked that the deal, though fully subscribed, did not reach the issuer's customary high levels of demand. Meanwhile, Erste Abwicklungsanstalt returned to the euro market for the first time since February 2018.

Following the mandate announcement on Monday for a tap of its October 2029 line, leads BNP Paribas, Morgan Stanley and Natixis opened the books on Tuesday for EFSFs’ no-grow €1.5bn trade with price guidance of mid-swaps minus 7bp area.

At the next update, the leads ...

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