This Tuesday, the European Commission issued another 7 billion euros in its tenth syndicated operation for 2023, a double tranche transaction that has generated offers worth 86 billion.
The operation consisted of €4 billion in a new 20-year bond maturing on April 4, 2044 and €3 billion in a 2.75% EU bond maturing on October 5, 2026.
This transaction has aroused great interest from investors, who made offers close to 86 billion euros, which is equivalent to an oversubscription rate of 12 times.
The proceeds from this transaction will be used to support the recovery and resilience mechanism and the macro-financial assistance program for Ukraine.
With this Tuesday’s transaction, Brussels has completed approximately 21.7 billion of its financing target for the second half of 2023.