Luxembourg – The European Financial Stability Facility (“EFSF”) announces the appointment of Barclays Capital, Deutsche Bank and HSBC as joint lead managers for its second issue due to be launched later this month, subject to market conditions. The three institutions were selected from the 46 banks that comprise the EFSF Market Group.
Christophe Frankel, Deputy CEO and CFO of EFSF commented “the lead managers were appointed following a rigourous and transparent selection process held in collaboration with the German Debt Management office (Finanzagentur)”.
The expected €5 billion 10-year benchmark issue will be the first issue made by the EFSF in support of the financial assistance programme for Portugal.
A second issue, expected to be a €3 billion bond with a 5-year maturity, in support of the programme for Portugal is scheduled before the summer break. The lead managers for this bond will be announced shortly before the issuance.
EFSF made its inaugural issue in January of this year when it placed a €5 billion 5-year benchmark issue in support of the financial assistance programme for Ireland.