LONDON (MNI) – European Financial Stability Fund Chief Executive
Officer Klaus Regling has welcomed the triple A credit ratings for its
debut bond issue.
All three major ratings agencies gave the issue AAA.
Regling, EFSF CEO commented: “We are very pleased with the
confirmation of the top credit ratings from all three agencies which
underlines the solidity of the EFSF name. We expect investor interest to
be high as our debut issue provides a good opportunity for investors to
diversify into a new supranational and liquid asset”.
In September 2010 all three agencies assigned an initial triple A
rating to the EFSF as an issuer. The first EFSF issue, as part of the
financial support package agreed for Ireland, will be placed, subject to
market conditions, during the week of January 24. This syndicated
issue will be jointly lead managed by Citi, HSBC and Societe Generale.
–London Bureau; Tel: +442078627492; email: ukeditorial@marketnews.com
[TOPICS: MGX$$$,MFX$$$,MFXBO$,M$X$$$]
