Reported 4 days ago
The European Union successfully raised €7 billion from a syndicated bond sale, attracting orders surpassing €146 billion, likely marking its last bond syndication for the year. The sale featured two types of securities: a seven-year bond and a green 20-year note, both offered at spreads lower than earlier guidance. Despite being costlier than auctions, syndications enable rapid fundraising and enhance investor diversity. The EU's bond market is set to expand further with new futures contracts planned by Intercontinental Exchange.
Source: YAHOO