BLBG:EFSF Said to Sell as Much as 1.5 Billion Euros of 20-Year Bonds
The European Financial Stability Facility, the fund that’s overseen by euro-area nations, is selling as much as 1.5 billion euros of 20-year bonds, according to a banker involved in the transaction.
The bonds may be priced to yield about 120 basis points over swaps and the sale is due to be completed today, said the banker. BNP Paribas SA, Commerzbank AG and DZ Bank AG are managing the issue.
To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net
To contact the editor responsible for this story: Paul Armstrong at parmstrong10@bloomberg.net
