The European Commission has today raised €5 billion of EU-Bonds in its 10th syndicated transaction for 2025.
The single-tranche transaction concerned a €5 billion tap of the EU-Bond maturing on 14 October 2030. The 5-year bond was priced 99.870% with a re-offer yield of 2.527%. Bids received were in excess of €86 billion which equals oversubscription rates of approximately 17-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 5-year Bond tap Due on 14 October 2030, this bond carries a coupon of 2.5% and came at a re-offer yield of 2.527%, equivalent to a price of 99.870%. The spread to mid-swap is +12 bps, which is equivalent to +24.4 bps over the Bund due on 10 October 2030 and -17.2 bps below the OAT due on 25 November 2030. The final order book was of over €86 billion. The joint lead managers of this transaction were Goldman Sachs, HSBC, JP Morgan, Natixis and UBS. |
