Dealers push for EFSF CP after bills success

16 Dec 2011

The European Financial Stability Facility has refused to rule out issuing commercial paper, as dealers touted the instrument as a useful complement to the supranational’s inaugural bills auction. However, it plans to forge ahead with auctions for now.

"Commercial paper is an option because it presents certain advantages, such as more flexibility and diversification through issuing in different currencies," said Christophe Frankel, deputy chief executive and chief financial officer of the EFSF. "But at this stage we will stay solely with the auction programme for short ...

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