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EUR benchmark dual-tranche Taps: PRICED.........>

ESM
ESM: EUR benchmark dual-tranche Taps: PRICED
Issuer : European Stability Mechanism (ESM)
Ratings : Aa1 / AAA (positive/stable outlook, Moody's/Fitch)
Risk Weighting : 0%
Settlement : 14-May-2019
Tranche : 0.00% Jan-22 (new o/s E4.5bn) | 0.50% Mar-29 (new o/s E3bn)
Maturity : 17-Jan-2022 | 05-Mar-2029
Tranche Size : E1.5bn | E1bn
Coupon : 0.00 Fixed, Ann, ACT/ACT | 0.50% Ann, ACT/ACT
Reoffer Price : 100.925% / -0.343% | 101.667% / 0.327%
Spread : DBR 01/22 (107.01%) +26.5 bps | DBR 02/29 (102.70%) +35.3 bps
Hedge Ratio : 96% | 98%
ISIN : EU000A1Z99G8 | EU000A1Z99H6
TOE : 13.28 UKT / 14.28 CET | 13.24 UKT / 14.24 CET
Bookrunners : Commerzbank / HSBC / J.P Morgan (DM/B&D)
Timing : PRICED, FTT Immediately

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