Published: January 3, 2012
EFSF mandates Credit Suisse, Deutsche Bank and SocGen for issuance.
The European Financial Stability Facility (EFSF), a rescue fund set up for troubled eurozone countries, has appointed Credit Suisse, Deutsche Bank and Société Générale Corporate & Investment Banking as joint lead managers for its next bond issuance.
The €3bn (US$3.9bn) three-year benchmark bond is expected to be launched shortly. The proceeds will be used in conjunction with the financial assistance programmes for Ireland and Portugal.
The bond will be the EFSF’s first three-year issuance, following a recently launched bill programme and five- and 10-year benchmark issuances last year. Announcing the mandate, EFSF CFO and deputy CEO Christophe Frankel said: “We will continue to provide our investors with opportunities across the full yield curve in 2012.”