The European Commission, which issues EU-Bonds on behalf of the EU, has today raised a further €8 billion of EU-Bonds in its 1st syndicated transaction for 2024. The dual tranche transaction raised €3 billion through a 7-year bond due on 4 December 2030 and €5 billion via a 30-year bond due on 4 March 2053.
Investor demand for the transaction was exceptional, with bids totalling €81 billion on the 7-year bond and €99 billion on the 30-year bond. This equals oversubscription rates of approximately 27 times and 20 times, respectively.
In 2024, the Commission is continuing to execute its funding operations using its unified funding approach. Under this approach, funding for different borrowing programmes is financed through the issuance of single branded "EU-Bonds" rather than separately labelled bonds for individual programmes.
