MS Morgan Stanley

(Adds final pricing terms, coupon)

By Emese Bartha

The European Financial Stability Facility on Tuesday raised 4 billion euros ($4.56 billion) via the launch of a new "long" five-year bond, due in January 2024, said one of the lead-manager banks.

With a funding requirement of EUR4 billion in the fourth quarter, EFSF has completed its funding program for the October-December period with this transaction.

The bond, which has a coupon, or annual interest, of 0.200%, was priced 13 basis points below mid-swaps, said one of the lead-manager banks. This is equivalent to a price of 99.702 and a yield of 0.258%, it said.

Order books closed with EUR5.3 billion in bids, excluding demand from the joint lead managers.

Lead-manager banks for the issue were Deutsche Bank, Morgan Stanley and Societe Generale CIB.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

November 06, 2018 10:36 ET (15:36 GMT)

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