Results from the issuance of the European Union’s first ever AAA-rated collective EFSM bond are in.

And here they are (via the market):

***EU 5YR PRICED – €5BN AT MS+12BPS ***

Issuer………….European Union (EU – Aaa/AAA/AAA) 0%rw
Size……………EUR 5 billion
Coupon………….2.50% annual
Maturity………..04 DEC 2015 (first short coupon)
Payment…………12 JAN 2011
Reoffer…………99.594% OBl 158 ref:
Spread………….Mid Swaps +12bp, Obl 158 +71.2bp
Hedge ratio……..1-1 (prx 99.42%)
Leads…………..BARC/BNPP/DB/HSBC
Dur.Manag/B&D……HSBC

This entry was posted by Izabella Kaminska on Wednesday, January 5th, 2011 at 17:49 and is filed under Capital markets. Tagged with bond, eu, Sovereign crisis. Edit this entry.