EFSF plans €3bn bond sale to fund Ireland, Portugal bailouts
The European Financial Stability Facility (EFSF) has said that it will shortly issue €3bn in three-year bonds to help fund the bailouts of Ireland and Portugal.
The EFSF said it had appointed as lead managers Credit Suisse, Deutsche Bank and Societies Generale Corporate & Investment Banking for its first three-year bond.
The €440bn EFSF was created in May 2010 to protect vulnerable eurozone nations after Greece was bailed out by the EU and the IMF.
