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/ISSUANCE: Today EFSF, the European............>

EFSF
EFSF: /ISSUANCE: Today EFSF, the European Financial Stability Facility rated
Aa1/AA(positive)/AA(stable) has mandated Bank of America Merrill Lynch, LBBW and
NatWest Markets as joint lead managers for its upcoming long 3y EUR benchmark
transaction with a maturity in July 2023. The remaining market group members
will be invited to participate as co-lead managers once the book is officially
open. The transaction is expected to be launched and priced in the near future,
subject to market conditions.

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