ESM-EFSF
-
The short end of the euro curve is becoming the new sweet spot for public sector borrowers, according to SSA bankers, despite the deeply negative yields in these maturities. The European Stability Mechanism (ESM), Instituto de Crédito Oficial (Ico) and Investitionsbank Berlin (IBB) are all enjoying strong outings with three or five year tenors this week. -
The European Stability Mechanism completed its funding year with a blow-out €3.5bn five year bond on Tuesday, which paid a minimal new issue concession at the final spread.
-
The European Stability Mechanism has chosen a five year tenor to kick off its funding for the fourth quarter. Meanwhile, a French public sector agency is out with its debut sustainable benchmark bond.
-
The European Stability Mechanism will target the short end of the euro curve for its first outing of the fourth quarter, according to SSA bankers.
-
Kommunalbanken has picked the banks to lead its first euro benchmark since 2017, while the European Stability Mechanism has sent out a request for proposals for its upcoming transaction.
-
-
The European Financial Stability Facility (EFSF) and Municipality Finance drew plenty of interest in the short end of the euro curve on Thursday, with one of EFSF’s leads calling the three-year tenor the “perfect storm”.
-
The European Financial Stability Facility (EFSF) is preparing its first benchmark of the fourth quarter and Ireland has picked the banks to lead the first tap of its sovereign green bond.
-
The European Financial Stability Facility is likely to issue a new bond in the middle of the euro curve for its first outing of the fourth quarter, according to SSA DCM bankers.
-
The European Stability Mechanism will switch the legal framework of all its future euro bonds and bills from English to Luxembourg law, a move triggered by the UK’s impending withdrawal from the European Union.
-
This week's funding scorecard looks at the progress of Europe's supranationals and agencies as we approach the end of the third quarter.
-
