Bloomberg News

EFSF Chief Regling to Visit China Oct. 28 to Meet Bond Buyers

October 26, 2011

Oct. 26 (Bloomberg) -- Klaus Regling, chief executive officer of the European Financial Stability Facility, will visit China on Oct. 28 to meet investors in EFSF-issued debt, a spokesman said.

“It is a normal round of discussion with important buyers of EFSF bonds,” Christof Roche, spokesman of the Luxembourg- based euro-area rescue fund, said in an e-mail today about the visit. The AAA rated EFSF was established last year to sell bonds to finance loans for distressed euro-area nations.

The region’s leaders decided earlier this year to expand the role of the 440 billion-euro ($613 billion) facility by giving it the power to buy sovereign bonds on the primary and secondary markets, offer credit lines to governments and recapitalize banks. As the Greece-triggered debt crisis has continued to spread, the focus has shifted to how to get the most out of the EFSF’s resources.

Leveraging will be among the topics that government heads from the 17-nation euro area will discuss at a meeting scheduled for later today in Brussels.

To contact the editor responsible for this story: Jonathan Stearns at jstearns2@bloomberg.net


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