Investors are being drawn to the sale because of the scarcity of securities stamped with a AAA credit rating and with social bonds the fastest-growing part of sustainable finance. The offering, also the EU’s first joint debt since the bloc agreed a landmark pandemic recovery deal, is aimed at providing funding for a job support program.
The bloc is selling 10-year debt via banks Tuesday at three basis points over midswaps, according to a person familiar with the matter. It’s also issuing 20-year securities at 14 basis points over midswaps, as it seeks to build a liquid market.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.