Commentary & Deal Flow

European Financial Stability Facility (EFSF), rated Aaa/A+/A+ (Moody's/S&P/Fitch), has mandated DZ BANK, NatWest and Nomura to joint lead manage its upcoming tap of the outstanding 3% July 2030 bond.

The Reg S Bearer transaction is expected to be launched and priced in the near future, subject to market conditions.

• Joint Bookrunners: DZ BANK, NatWest, Nomura
• Selling Group: No further selling group
• Stabilisation: FCA/ICMA
• Target Market: The manufacturer target markets (MIFID II product governance) as assessed by the lead managers are eligible and professional counterparties (all distribution channels).