ESM-EFSF
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The European Stability Mechanism wasted no time in getting its final trade of the year done on Monday ahead of the European Union’s highly anticipated debut syndicated bond under its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme. -
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, October 12. The source for secondary trading levels is ICE Data Services
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Siegfried Ruhl, the head of funding and investor relations at the European Stability Mechanism, will be seconded to the European Commission later this month as it gears up for its vast borrowing programme.
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The European Financial Stability Facility mandated banks on Monday to lead a euro dual tranche transaction in what could be the issuer’s first and final outing of the fourth quarter.
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This week's funding scorecard looks at the progress of Europe's supranationals and agencies at the start of the fourth quarter.
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Public sector bond bankers expect the European Financial Stability Facility to raise a big chunk of its funding needs for the fourth quarter next week ahead of the start of the European Union’s vast borrowing programme later in the month.
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The European Stability Mechanism and the European Financial Stability Facility have set out their issuance windows for benchmark transactions in the final quarter of the year.
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A trio of European SSAs raised a combined $6bn with five year dollar benchmarks this week. Kommunalbanken, the European Stability Mechanism and Nordic Investment Bank all hit a “very deep pocket” of demand in the tenor.
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The European Stability Mechanism (ESM) is returning to the dollar market for its fourth dollar benchmark, two weeks ahead of its scheduled funding window.
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The European Stability Mechanism has received its first ever credit rating from Standard & Poor’s to complete its set of top notch grades from the three major credit rating agencies.
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This week's funding scorecard looks at the progress of Europe's supranationals and agencies at the end of July.
