EFSF has chosen Eurobank EFG Group for the primary bonds dealer

Source: eKapija Friday, 21.01.2011. 13:38
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European Fund for Financial Stability (EFSF) determined the Eurobank EFG Group for primary dealer in bonds on international markets. Eurobank EFG Group has been selected as one of 44 international financial institutions, which will act as primary dealers bonds EFSF's. Another primary dealer in Greece National Bank of Greece.

European Fund for the financial stability of the established member states of the eurozone and on the part of an overall package of 750 billion USD, based on decisions made 9.5.2010. EFSF can issue bonds worth up to 440 billion EUR, for guaranteeing the country euro zone, to cover the needs for credit of euro zone countries are facing difficulties in financing on international markets, under conditions agreed with the European Union, European Central Bank and the International Monetary Fund.

All three leading international rating agencies have EFSF-in among the highest credit rating. Ireland was the first country to join this mechanism, while Greece is not included EFSF-om, but a special mechanism of support.

In the fulfillment of this plan, EFSF continued to seek primary dealers for the bonds to be issued. The criteria for selection of primary dealers are understood its international presence, professional staff, proven ability in terms of distribution of bond buyers and comprehensive knowledge of the area.
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