4€ billion 30-year bond issued by EFSF
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...
Luxembourg likely to become a virtual currency hubCurrencies
According to Patrick Murck, General Counsel for the Bitcoin Foundation, Luxembourg is very likely to become the European hub for the new global economy, thanks to the continuing rise of the Bitcoin and other virtual currencies.

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

C’est quoi la meilleure équipe de football ? Ce n’est pas l’équipe qui marque le plus de buts… c’est celle qui encaisse le moins de buts !

C’est quoi un bon gestionnaire ? C’est celui qui gagne de l’argent quand tout va bien, mais surtout qui (…)Read more...