4€ billion 30-year bond issued by EFSF
Banking
Maturing on July 29th, 2044, the EFSF has placed a €4-billion 30-year bond. The issuance spread was fixed at mid swap plus 31 basis points. This implies a reoffer yield for investors of 2.392%. The coupon rate is 2.35%.
Lead managers have been the Commerzbank, Goldman Sachs International and the Royal Bank of Scotland. This is the first 30-year bond to be issued by the EFSF. The EFSF’s third quarter funding plan will be completed after this transaction.

Christophe Frankel, CFO and Deputy CEO said:

“This is the first ever 30-year bond issued by the EFSF. It is being placed (…)Read more...
 
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In the framework of the LFF conference on virtual currencies Patrick Murck shared his vision on (…)Read more...
Luxembourg: Economic upward trend Economics
A favorable GDP growth has been observed by the government of Luxembourg. GDP’s evolution presents good signs to achieve the expected 3%-mark. This growth, however, is still overshadowed by the high unemployment rate which is due to weak consumption by the counter-performance of the financial sector compared to other branches (…)Read more...
Positive development of international equity marketsFunds
With a monthly growth rate of 1.38%, net assets in collective investment schemes (investment funds) reached 2,854.640 billion euros on June 30th, 2014 in Luxembourg. This constitutes an increase of €38.771 billion whereas on May 31st the amount was €2815.869.

In June 2014 there has been a total of 3884 undertakings (…)Read more...

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Expert's opinion

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