The European Financial Stability Facility, the euro zone bail-out fund, said today it will "shortly" issue €3 billion in three-year bonds to help financially struggling Ireland and Portugal.
The EFSF said in a statement it had appointed as lead managers Credit Suisse, Deutsche Bank and Société Générale Corporate & Investment Banking for its first three-year bond.
"We will continue to provide our investors with opportunities across the full yield curve in 2012," said EFSF deputy chief Christophe Frankel.
The €440 billion EFSF was created in May 2010 to protect vulnerable euro zone nations after Greece was bailed out by the European Union and the IMF. The temporary fund is to be replaced this year by the European Stability Mechanism (ESM).
