The European Financial Stability Facility tapped 24 year debt, its longest dated bonds, on Thursday in a transaction driven by reverse enquiries. The deal followed an auction of 10 year debt earlier this week, and leaves the issuer more than three quarters of the way through its projected funding target for the quarter.
Commerzbank, Société Générale and UniCredit priced the 1bn tap of the EFSFs 3.375% April 2037 notes at 45bp over mid-swaps, in line with guidance at 45bp area. The deal offers a 2bp-3bp new issue premium over the outstanding, according to the issuer, and brings the total size of
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.