UPDATE 3-EFSF to print EUR5bn five-year bond

Tue Jan 29, 2013 9:48am EST

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By John Geddie

LONDON, Jan 29 (IFR) - The European Financial Stability Facility is set to print a EUR5bn five-year bond later on Tuesday, after receiving orders approaching EUR7bn, a market source said on Tuesday.

The eurozone sovereign rescue fund, rated Aa1/AA+/AAA, earlier fixed the spread at mid-swaps plus 17bp, from official guidance at mid-swaps plus 18bp area and initial price thoughts of mid-swaps plus high teens.

Deutsche Bank, HSBC and RBS are managing the deal. (Reporting by John Geddie, editing by Philip Wright)

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