EFSF resolves duration dilemma to take €4bn, leave 5yr clear for ESM
The European Financial Stability Facility (EFSF) priced a heavily oversubscribed five year on Wednesday to leave only €4bn left to raise this quarter and to leave the five year point clear for sister borrower, the European Stabilisation Mechanism’s (ESM), inaugural deal, which is expected to come this autumn.
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