The European Commission announced on Wednesday 24 March that it had raised an additional €13 billion under the SURE instrument in order to support national short-time working schemes.
This operation consisted of the issue of two bonds, one amounting to 8 billion euros of securities redeemable in March 2026, and the other for 5 billion euros of securities redeemable in May 2046. The 5-year bond will have a negative return for investors of -0.488%, while the 25-year bond will have a...