Press Release: EU and EFSF funding plans to provide financial assistance for Ireland

The European Union (EU), under the auspices of the European Financial Stability Mechanism (EFSM) and the European Financial Stability Facility (EFSF), have finalised their issuance calendars to raise funds to provide financial support to Ireland. The calendars have been closely coordinated between the EU and the EFSF. This will ensure smooth market operations over the entire duration of the support programme. The EU intends to launch a first bond at the beginning of January 2011. The EFSF is expected to follow with its first bond issue towards the end of January. The EU and the EFSF will however carefully analyse the markets after they reopen in the New Year and may adapt funding plans accordingly.

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