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EFSF aims to complete Q1 funding with bond tap
March 20, 2013 / 9:53 AM / 5 years ago

EFSF aims to complete Q1 funding with bond tap

LONDON, March 20 (IFR) - The European Financial Stability Facility, rated AA+/Aa1/AAA, has opened books on a minimum EUR500m increase of its EUR3bn 0.5% issue due 7 March 2016 in order to complete its announced funding target of EUR16.5bn for Q1 2013.

Barclays, Morgan Stanley and UniCredit are taking orders on the tap with guidance at mid-swaps minus 5bp, and are set to price the deal later on Wednesday.

EFSF has already raised approximately EUR16bn towards its Q1 funding target, part of a EUR58bn funding programme in 2013. (Reporting by John Geddie, editing by Julian Baker)

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