This seems to be the position the European Financial Stability Facility is currently mired in. At today's sale of 10-year bonds, it only raised €3B. Moreover, the yield was set at 2.307%, 93 basis points more than the yield on German Bunds.
According to the Wall Street Journal, this "tepid" sale could be due to several major reasons. For one, the EFSF will expire in the coming months to make way for its successor, the European Stability Mechanism (ESM); moreover, trading volume was light this week and the EFSF's 10-year bond sale is in the same general time span as other 10-year bond sales from other Eurozone countries with strong credit ratings.