In mid-March, amid rising interest rates around the world, the EU brought a single-tranche €9 billion 15-year deal to the capital markets.
This was the fifth transaction under the Support to mitigate Unemployment Risk in an Emergency programme and the second EU capital markets funding operation in 2021.
The EU had been quick out of the blocks as a new joint sovereign issuer towards the end of 2020, attracting large order books for its first deals in a quiet final quarter.
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