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Dual-Tranche Tap Of Aug-26 and New Aug-38: Guidance

EFSF ISSUANCE
  • E2bln Tap of 2.75% Aug-26 (ISIN: EU000A2SCAF5)
  • E2bln WNG New 15Y Aug-38
  • JLMs: Commerzbank, HSBC and Nomura
  • "Transaction is expected to be launched and priced in the near future subject to market conditions"
  • -Source Bloomberg
  • MNI Note: The EFSF has already raised E13bln of its E20bln funding target and we had penciled in a transaction of E3-5bln

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