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...