Remember the EU? Its permanent rescue fund - the ESM - completes its first debt offering,...

|By:, SA News Editor

Remember the EU? Its permanent rescue fund - the ESM - completes its first debt offering, raising €1.93B through the sale of short-term bills. Investors - with Japan being a major one - paid the ESM for the privilege of lending to it, as the paper is priced to yield -0.0324%.