September 12, 2017 / 2:48 PM / 9 months ago

INTERVIEW-Euro zone rescue fund ESM plans first dollar bond in Oct or Nov

LONDON, Sept 12 (Reuters) - The euro zone’s bailout fund, the European Stability Mechanism (ESM), could sell its first dollar-denominated bond as early as next month, its head Klaus Regling said on Tuesday.

Regling said expanding out of issues in the euro would help the ESM attract new buyers for its debt and hopefully shave down what are already ultra-low borrowing costs.

“What is new in the last quarter of this year, maybe October or November, is that for the first time we will issue a bond that is not denominated in euros,” Regling told Reuters. (Reporting by Marc Jones; Additional reporting by Abhinav Ramnarayan; Editing by Hugh Lawson)

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