EFSF hits screens with dual tranche, big size expected

By Burhan Khadbai
05 Oct 2020

The European Financial Stability Facility mandated banks on Monday to lead a euro dual tranche transaction in what could be the issuer’s first and final outing of the fourth quarter.

BNP Paribas, DZ Bank and JP Morgan will lead the deal, which will consist of a new October 2027 benchmark and a tap of EFSF’s outstanding January 2050 bond.

EFSF is aiming to raise €5bn in the fourth quarter to reach its annual funding target ...

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