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/ EFSF: The European Financial....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: / EFSF: The European Financial Stability Facility (EFSF) on
Tuesday raised E3 billion with a new October 2023 benchmark bond, with total
books in excess of E8.8 billion.
- "Rapid growth in the order book enabled the EFSF to close the books after
around an hour. Very strong investor interest for this new bond allowed us to
price it without a premium, delivering considerable budget savings for our
programme countries," said Siegfried Ruhl, EFSF Head of Funding and Investor
Relations.
- The spread of the 0.125% issue was fixed at mid-swaps -25bps, implying a
reoffer yield of 0.135%. Barclays, BNP Paribas and Goldman Sachs were joint lead
managers for the deal.

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