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Asset Backed Securities
Sovereign, Supranational, and Agency
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Parent Companies
European Stability Mechanism (ESM)
European Stability Mechanism (ESM)
European Stability Mechanism (ESM) (ESM)
Deal Details
C/P
Industry
Status
Ticker(s)
Issuer(s)
Size(m)
Tranches
Region
Date
IGC
SSA
PRCD
ESM
European Stability Mechanism (ESM)
€2,000
1
EMEA
Jun 10, 2025
Tranche #1
European Stability Mechanism (ESM)
currency
EUR
size (m)
2,000.000
maturity
Nov 17, 2028
type
Fixed
tenor
3.500
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Aaa
s&p
AAA
fitch
AAA
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
MS+15 a
spread
12
coupon
2.125%
spread set
-
price
99.65100
yield
2.234%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
MOS
active leads
-
joint leads
HSB
,
UNI
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
MOS
active leads
-
joint leads
HSB
,
UNI
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
3.5 yr: Registration: Reg S Only; Comments: EUR2bn 3.5yr cpn fxd 2.125% at 99.651, yld 2.234%. Spread: MS+12bps. OBL 2.4 2028 (spot 101.375) +26.3bps;
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