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ESM introduces euro commercial paper programme

ESM ISSUANCE
  • "The programme size will be €20 billion, and investors can engage via their ESM Commercial Paper Programme dealers."
  • "The ESM will be able to start issuing Euro Commercial Paper during the first quarter of 2024."
  • “I am very happy that we can add ECP to our funding toolkit. With positive rates in the short end of the curve, it is an attractive product. It will be a good addition for our balance sheet management,” said Kalin Anev Janse, Chief Financial Officer and project sponsor.
  • “Next to the bills and bonds we have traditionally issued, the ECP is a new addition that caters to the evolving needs of the ESM. I congratulate the team for this achievement and for its dedication to this important undertaking,” said Pierre Gramegna, Managing Director of the ESM.

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