On Wednesday 15 May, the European Commission raised a further €6 billion in its fifth syndicated transaction, issuing a new €6 billion bond that will mature on 5 October 2054 at a rate of 3.385%, equivalent to a price of 99.825%.
Bids received for the bond amounted to €86 billion, which is the equivalent to an oversubscription rate of almost 14 times.
The proceeds of the transaction will be used to finance EU policy and action programmes.
The Commission has now released...