The European Financial Stability Facility (EFSF)has transferred €7.2 billion to Greece for the recapitalisation of the banking sector today.
Klaus Regling, EFSF CEO said, “The funds transferred to Greece should help to create a healthy and functioning financial sector, which is a precondition for the recovery of the Greek real economy”.
This amount was transferred via a cashless operation in two separate series: €3.6 billion in 11-year Floating Rating Notes (FRN) and €3.6 billion in 12-year FRN.
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