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EU issues €2.6 billion 10-year bond for Ireland and Portugal
EU News 119/2014
MEMO/14/198
Brussels, 18 March 2014
The European Union today issued a €2.6 bn 10 year benchmark bond. This will be lent onwards to Ireland (€0.8 bn), and to Portugal (€1.8 bn), as part of their financial assistance programmes. This was done by the European Commission on behalf of the EU under the European Financial Stabilisation Mechanism (EFSM).
For Ireland, it is the last EFSM disbursement under the financial assistance programme which successfully concluded last December. For Portugal, only one further disbursement is now outstanding. Market access at favourable conditions has recently been confirmed for both countries.
Source and additional information:
http://europa.eu/rapid/press-release_MEMO-14-198_en.htm?locale=en