11/06/24 (Agence Europe) – On Tuesday, 11 June, the European Commission raised an additional €6 billion in its sixth syndicated transaction—issuing a new bond that will mature on 4 October 2039 and that was issued at a yield of 3.477%. The bids received on the bond exceeded €37 billion, which is equivalent to an oversubscription rate of almost six times. The proceeds from the transaction are to be used to finance EU policy and action programmes. The European Commission has now released €69 billion of its €75 billion funding target for the first half of 2024. The next transaction mentioned in the EU’s indicative issuance calendar is a bond auction scheduled for 24 June. (IS)