May 6, 2014 / 1:31 PM / 4 years ago

ESM tests investor interest for EUR3bn long five-year bond

LONDON, May 6 (IFR) - The European Stability Mechanism, rated Aa1/AAA by Moody‘s/Fitch, is testing investor interest for a no-grow EUR3bn long five-year bond due 15 October 2019 at mid-swaps flat area, according to a market source.

Bank of America Merrill Lynch, Citi and Deutsche Bank are lead managers, and will price the deal on Wednesday. (Reporting by Aimee Donnellan, editing by Julian Baker)

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