EFSF pulls off tight €4bn

By Lewis McLellan
09 Jul 2020

The European Financial Stability Facility kicked off its third quarter funding in style this week as it raised 80% of the total with a well-subscribed five year bond.

“It’s a very strong market just now,” said a banker away from the trade. “We’ve seen a lot of stuff hitting the longer end but the short end has been rather undersupplied, so there are good opportunities there.”

EFSF raised €4bn at a spread of mid-swaps minus 10bp for ...

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