EFSF Raises EUR4 Billion in New 2024-Dated Bond; Completes 4Q Funding - Update
November 06 2018 - 9:51AM
Dow Jones News
(Adds final pricing terms, coupon)
By Emese Bartha
The European Financial Stability Facility on Tuesday raised 4
billion euros ($4.56 billion) via the launch of a new "long"
five-year bond, due in January 2024, said one of the lead-manager
banks.
With a funding requirement of EUR4 billion in the fourth
quarter, EFSF has completed its funding program for the
October-December period with this transaction.
The bond, which has a coupon, or annual interest, of 0.200%, was
priced 13 basis points below mid-swaps, said one of the
lead-manager banks. This is equivalent to a price of 99.702 and a
yield of 0.258%, it said.
Order books closed with EUR5.3 billion in bids, excluding demand
from the joint lead managers.
Lead-manager banks for the issue were Deutsche Bank, Morgan
Stanley and Societe Generale CIB.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
November 06, 2018 10:36 ET (15:36 GMT)
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