ESM-EFSF

One senior public sector banker set out this week to tell EuroWeek that the EFSF 10 year deal was a disappointment. When he reached the end of his analysis, however, he had to conclude that in fact, it was anything but.

Banks are gearing up for the second benchmark from the European Financial Stability Facility, which has circulated a questionnaire to the EFSF Market Group ahead of a deal that is expected in the second quarter.