EFSF rounds off Q3 funding at auction

Euro debt 230x150
By Lewis McLellan
30 Jul 2020

The European Financial Stability Facility finished its €5bn Q3 funding programme on Wednesday with a €1bn tap of an October 2026 line in an auction. The European Investment Bank was also in the market on Thursday adding to a Climate Awareness Bond.

The issuer printed €999.8m, bringing the line to just under €4bn.

The bid to cover ratio was 5.8 and the average yield for the bond was minus 0.48%.

“No drama in the deal,” said a banker. “A good result.”

The ESM, the EFSF’s sister issuer, has €3bn to ...

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