Another 7 billion in EU bonds raised by the Commission

Brussels – The European Commission announced today (Feb. 21) that it has raised another 7 billion euros in EU bonds in its second syndicated transaction for 2024. The Commission has now issued approximately €24 billion of its €75 billion funding target for the first half of 2024. “The proceeds of the transaction will be used to finance EU policy programs,” the Commission said in a statement.

The transaction concerned a new, single-tranche €7 billion EU-Bond due on December 4, 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.

English version by the Translation Service of Withub

EU Commission raises another 7 billion euros in 10-year bonds

The bond maturing Dec. 4, 2034, was issued at a rate of 3.028 percent equivalent to a price of 99.754. Bids received totaled 67 billion euros, "with a subscription rate of more than 9 times."

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