News Headline Summary

ESM are to launch bill programme in January 2013

- ESM programme is to replace the existing EFSF bill programme.
- EFSF will no longer hold bill auctions.
- EFSF expected to raise EUR 55bln to EUR 60bln in long term issuance.
- EFSF to continue financing Ireland, Portugal, Greece programs.

Print 09:44, 19 Dec 2012 - Fixed Income - Source: Newswires