Brussels, 20/03/2012 (Agence Europe) - The European Financial Stability Facility (EFSF) successfully borrowed money over the short (six months) and long-term (20 years) this week and will be issuing another bond emission in the next few days.
The EFSF is providing aid to Ireland, Portugal and Greece. It raised €5.2 billion on Tuesday 20 March with a maturity of six months for 0.2% on average. On Monday, it issued 20-year bonds for the first time, to the tune of €1.5 billion for an average of nearly 5%. “As our longest maturity to date (Ed: 30 March 2032), I am very happy to see such large investor appetite for our 20-year issue”, commented EFSF deputy director Christophe Frankel in a press release. So far, the EFSF had only issued short-term bonds (three, five or ten years). (MB/transl.fl)