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Issuance announcement: Today the ESM, the.......>

ESM
ESM: Issuance announcement: Today the ESM, the European Stability Mechanism
rated Aa1 (Moody's) /AAA (Fitch) has mandated HSBC, J.P.Morgan and Nomura as
joint lead managers for its upcoming dual tranche of a new 10-year Euro
benchmark and a tap of the ESM 1.85% December 2055 bonds. The remaining market
group members will be invited to participate as co-lead managers for the new
10-year ESM once the book is officially open. No further group for the tap of
the 2055 bond. The transaction is expected to be launched and priced in the near
future, subject to market conditions. Joint Bookrunners will be paid a fee in
connection to the transaction. FCA/ICMA stabilisation.

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