RTRS:Euro zone bailout fund names managers for 3 billion euro issue
(Reuters) - The euro zone's rescue fund, the European Financial Stability Facility (EFSF), appointed Credit Suisse, Deutsche Bank and Societe Generale on Tuesday as joint lead managers for its first 3-year, 3 billion euro bond sale.
The benchmark bond, due to be launched soon, is part of the EFSF's efforts to offer investors a greater range of maturities on its paper, following short-term bill auctions and 5- and 10-year sales, the fund said in a statement.
The triple A-rated EFSF, which is backed by guarantee commitments for 780 billion euros and has a lending capacity of 440 billion euros, was set up in 2010 to provide emergency funding to heavily indebted euro zone nations. It has so far lent to Ireland and Portugal.
