The European Commission has today raised €5 billion of EU-Bonds in its 6th syndicated transaction for 2025.
The single-tranche transaction concerned a €5 billion tap of the EU-Bond maturing on 4 October 2039. The 15-year bond was priced 99.209% with a re-offer yield of 3.445%, while bids received were in excess of €93 billion, which equals oversubscription rates of approximately 19-times.
The proceeds of the transaction will be used to finance EU policy programmes, most notably in the context of NextGenerationEU and support to Ukraine.
Today's bond syndication 15-year Bond Due on 4 October 2039, this bond carries a coupon of 3.375% and came at a re-offer yield of 3.445%, equivalent to a price of 99.209%. The spread to mid-swap is 73 bps, which is equivalent to 65.4 bps over the DBR due on 4 July 2039 and -8.5 bps through the Green OAT due 25 June 2039. The final order book was of over €93 billion. The joint lead managers of this transaction were BofA, Goldman Sachs, NatWest, Société Générale, and UBS. |
