SSA investors head to both ends of euro curve

18 Apr 2013

The European Financial Stability Facility (EFSF) and the Federal State of Saxony-Anhalt priced oversubscribed deals at the short and long ends of the curve, respectively, this week, raising €2.5bn between them. The deals followed a lacklustre seven year tap from the European Investment Bank on Tuesday.

The EFSF tapped its 0.5% March 2016s for €1.5bn on Thursday afternoon. It was joined in euros by the State of Saxony-Anhalt, which priced a heavily oversubscribed 10 year benchmark at a tight price earlier in the day.

Crédit Agricole, JP Morgan and LBBW priced the EFSF tap ...

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