PARIS (MNI) – The European Financial Stability Facility (EFSF) said
Tuesday it will launch a new 1-year bond in the “near future” as an
alternative to the 3-year bond it was forced to postpone last week after
Moody’s downgrade of France left the EFSF statutorily unable to issue
The text of the EFSF’s statement is below:
“European Financial Stability Facility (EFSF) announces the launch
of a one-year bond in the near future, subject to market conditions.
Christophe Frankel, EFSF’s Chief Financial Officer & Deputy CEO said.
“Launching a one-year bond means that we can react to strong market
demand on the short end and provide investors with an alternative to the
planned 3-year bond.”