Strong demand for bailout fund’s bond sale

The European Union temporary bailout fund’s sale of bonds due June 2015 received bids of 3.7 times the amount of debt allocated in an auction.

31st July, 2012

The European Union temporary bailout fund’s sale of bonds due June 2015 received bids of 3.7 times the amount of debt allocated in an auction.

The European Financial Stability Facility sold €1.48 billion euros of bonds due June 2015. About €5.47 billion was received in bids, according to data compiled by Bloomberg.

The funds will be used to support the financial assistance programmes for “borrower member states”, the EFSF said in a statement.

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