EU scores ‘limited pick-up’ with €150m MTN

European Union EU adobe stock AS
By Frank Jackman
07 Nov 2019

The European Union felt it paid little over its benchmark curve for a €150m medium term note (MTN) that will finance the last of three disbursements to Tunisia.

The EU sold the €150m 0.3% November 2034 bond on Wednesday. UniCredit ran the deal. The issue price was not disclosed.

“We felt the level was very competitive compared to our benchmark curve, with rather limited pick-up due to the smaller size. It was a very good outcome for ...

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