EFSF plans bond issue next week

Wed Jan 8, 2014 6:12am EST

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LONDON, Jan 8 (IFR) - The European Financial Stability Facility, rated AA/Aa1/AA+, has sent a request for proposals to a selection of banks with regards to an upcoming transaction scheduled for the week of January 13, it said in an emailed statement on Tuesday.

The EFSF has a funding target of EUR34.5bn for 2014, while its permanent successor the European Stability Mechanism plans to raise EUR17bn.

(Reporting by John Geddie; editing by Alex Chambers)