On Wednesday 24 April, the European Commission raised a further €8 billion in its fourth syndicated transaction, issuing a new €4 billion bond maturing on 6 December 2027 and a €4 billion top-up to the EU’s 4% bond maturing on 4 April 2044.
Bids received amounted to €43 billion for the 3-year bond and €71 billion for the 20-year bond, equivalent to oversubscription rates of almost 11 and 18 times respectively.
The proceeds of the transaction are to be used to finance EU policy programmes.
The Commission has now released around €48 billion of its €75 billion funding target for the first half of 2024, and the next transaction on the EU’s indicative issuance calendar is an EU bond auction on 29 April 2024. (Original version in French by Isalia Stieffatre)