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0% Apr-24 tap

EFSF ISSUANCE

The EFSF is holding a syndicated tap to reopen its 0% Apr-24 bond with E2bln on offer.

  • Bloomberg is reporting guidance at MS-4bps area.
  • Bookrunners: Commerzbank, HSBC, UniCredit (B&D)
  • The size of the transaction is in line with our expectations given that the EFSF had E2bln remaining of its funding target for Q2.

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