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Free AccessThe European Financial Stability Facility......>
EFSF: The European Financial Stability Facility (EFSF) said Tuesday it raised
E997.25mln in a tap of a 5-year bond, completing its funding needs for the third
quarter.
- "The auction of the 2021 bond was very well received by the market, allowing
the EFSF to raise the outstanding volume to around E5bln, after an earlier tap
in March. The size increase provides welcome liquidity for investors in the
secondary market," said Siegfried Ruhl, EFSF Head of Funding and Investor
Relations.
- The weighted average price on the auction of the 0.1% bond was 101.00, for an
average yield of minus 32 basis points. The bid/cover ratio was 5.6. Bids for
the auction were transmitted through the Bundesbank's EFSF Bidding system (EBS).
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.