HIGHLIGHTS-EFSF’s Regling says first bonds in Jan 2011

Dec 1 (BestGrowthStock) – Following are comments by Klaus Regling,
head of the European Financial Stability Facility (EFSF)
during a visit to Singapore:

ON BOND ISSUE

The EFSF will issue bonds “in January next year”.

“If everything goes to plan they will make a profit” in
Germany.

“Most will probably be taken up in Europe” although, he
added there was also significant interest in Asia and Middle
East.

Ireland bonds will be disbursed over a three-year period,
Regling said, but this will be “substantially front-loaded”.

“The average loan maturity (in the whole Ireland support
package) will be 7 and a half years.”

The first issue is likely in January 2011 to be in “range
of five to eight billion” euros.

“The 440 billion euros will be sufficient”

ON EURO SOLIDARITY

“There is no country in the Euro area that has any
intention of leaving…there is no movement to leave the euro,
even in the countries that have been hard hit”

ON EFSF’S CREDIT RATING

“I see no risk of us (EFSF) losing our AAA-rating even if
we make full use of our finances.”

(Editing by Raju Gopalakrishnan)

HIGHLIGHTS-EFSF’s Regling says first bonds in Jan 2011