-- The European Commission on Tuesday sold two tranches of bonds worth 9 billion euros in a 14.7x oversubscribed offering.
The fourth syndicated transaction for 2026 comprises 3 billion euros of 2.375% bond due July 12, 2029, and 6 billion euros of a new 4% bond due Oct. 12, 2046. As such, the commission has now raised 61.3 billion euros of its 90 billion-euro funding target for the first half of 2026.
Proceeds from the offering are earmarked for funding EU political priorities, targeting the enhancement of regional competitiveness and resilience, continued assistance for Ukraine, and critical investments in European defense capabilities.
Citi, Deutsche Bank, HSBC, Natixis and Nomura served as joint lead managers of the issuance.