The European Commission has today raised €7 billion of EU-Bonds in its 2nd syndicated transaction for 2024.
The transaction concerned a new, single-tranche €7 billion EU-Bond due on 4 December 2034. The 10-year bond came at a re-offer yield of 3.028%, equivalent to a price of 99.754. Bids received amounted to €67 billion, resulting in an oversubscription rate of over 9 times.
The proceeds of the transaction will be used to finance EU policy programmes.
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Today’s bond syndication 10-year line Due on 4 December 2034, this bond carries a coupon of 3.00% and came at a re-offer yield of 3.028%, equivalent to a price of 99.754. The spread to mid-swap is 29 bps, which is equivalent to 65 bps over the Bund due on 15 Feb 2034 and 14 bps over the OAT due on 25 May 2034. The final order book was of over €67 billion. The total amount of the bond outstanding is now €7 billion. The joint lead managers of this transaction were BNP Paribas, Deutsche Bank, Goldman Sachs, HSBC, Nomura. |
