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Source ESM: ESM EUR 3bn (n/g) 3y - Books Open...>

ESM
ESM: Source ESM: ESM EUR 3bn (n/g) 3y - Books Open @ MS - 9bps area
Issuer : European Stability Mechanism (ESM)
Ratings : Aa1 / AAA (positive/stable outlook, Moody's/Fitch)
Risk Weighting : 0%
Format : RegS / Bearer Notes (TEFRA rules apply, no communications  with or into
the U.S.)Settlement : 17-February-2020 (T+5)
Maturity : 10-February-2023
Tranche Size : EUR 3bn (no-grow)
Coupon : Fixed, Ann, ACT/ACT, Short first
Guidance : MS-9bps area. Listing : Luxembourg Stock Exchange's regulated market
Denoms : EUR 0.01.  ISIN : EU000A1Z99K0
Bookrunners : BofA / DB / HSBC (B&D)
Timing : Books open, expect today's business
Fees : Joint Bookrunners will be paid a fee in connection to the transaction.
Target Market : Eligible counterparties and professional clients only (all
distribution channels)

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