Options wide open for EFSF’s first syndication of Q2

By Nathan Collins
15 May 2014

Sovereigns stole the limelight in the euro market this week with Italy and Spain printing blowouts, but the focus will shift to the European Financial Stability Facility next week. The rescue agency sent out requests for proposals on Wednesday ahead of a benchmark deal for which it has the whole length of the curve open to it, according to syndicate bankers.

“They’re getting all sorts of proposals,” said a London based head of SSA syndicate. “I’m talking to guys who’ve pitched threes, fives, sevens, 10s and longer. They can take their pick, the market’s there for anything so it’s all going to be down to what fits its long ...

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