Strong demand for EFSF bond issue: Bundesbank

13th December 2011, Comments 0 comments

There was strong demand for an issue of short-term bonds by the eurozone's bailout fund, the EFSF, data published by Bundesbank showed on Tuesday.

The European Financial Stability Facility raised 1.972 billion euros ($2.6 billion) from an issue of three-month bills, the German central bank said in a statement.

With investors bidding for a total 6.286 billion euros in bills, the issue was oversubscribed by more than three times.

The weighted average yield on the issue was 0.222 percent.

© 2011 AFP

0 Comments To This Article