14/09/2023 (Agence Europe) – On Wednesday 13 September, the European Commission succeeded in raising a further €5 billion through its 9th syndicated operation of 2023, issuing a seven-year bond maturing on 4 December 2030. Despite cautious market conditions due to uncertainty over European interest rates, the transaction attracted strong investor interest, with bids exceeding €46 billion, representing an oversubscription rate of more than nine times. The funds will be used to support the Next Generation EU programme and assistance to Ukraine, in line with the Commission’s intention to issue bonds under a single brand rather than separate bonds for different programmes. This represents around 16% of the €40 billion funding target for the second half of 2023. (PLD)