EU arrives at long last with mandate for debut SURE bond

By Burhan Khadbai
19 Oct 2020

The European Union finally hit screens on Monday afternoon to announce the highly anticipated debut syndicated bond under its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme.

Barclays, BNP Paribas, Deutsche Bank, Nomura and UniCredit have been awarded the prized mandate, which comprises new 10 and 20 year euro RegS social bonds.

The absence of DZ Bank and HSBC is notable, since the two banks helped to arrange both ...

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