EU sees huge appetite for new triple-A asset
‘Sure’ bonds offer the ECB a less controversial option for asset purchases
The European Union saw huge demand for its first issuance of bonds to finance its response to the Covid-19 pandemic.
The issuance is a landmark achievement for European debt markets, offering investors a new AAA-rated asset. It could also represent a less politically sensitive option for the European Central Bank’s bond-buying programmes.
On October 20, the EU raised €17 billion ($20.2 billion) – €10 billion from the sale of 10-year debt, and another €7 billion of 20-year securities. The
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