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3/10-year syndication: Priced

EFSF ISSUANCE

3-year:

  • Maturity: 17 August 2026
  • Size set earlier at E2bln
  • Final book over E5bln ex JLM interest
  • Coupon: 2.75%
  • Reoffer: 99.811 to yield 2.809%
  • Spread set at MS-24bps (initial guidance was MS-22bps area then revised to MS-23bps +/-1bp)
  • 0% Aug-26 Bund +46bps (ref 92.00, yield 2.349%)
  • ISIN: EU000A2SCAF5
  • TOE: 13:35GMT / 14:35CET
  • FTT: 14:00GMT / 15:00CET

10-year

  • Maturity: 16 February 2033
  • Size set at E4bln
  • Final book in excess of E11.4bln ex JLM interest
  • Coupon: 2.875%
  • Reoffer: 99.264 to yield 2.960%
  • Spread set earlier at MS+6bps (initial guidance was MS+8bps area)
  • 1.70% Aug-32 Bund +69.3bps (ref 95.15, yield 2.267%)
  • ISIN: EU000A2SCAG3
  • TOE: 13:33GMT / 14:33CET
  • FTT: 14:00GMT / 15:00CET

For both:

  • Bookrunners: GSBE / JPM (DM/B&D) / UniCredit
From market source

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