EU holds fire on 15 year SURE bond

By Burhan Khadbai
17 Nov 2020

The European Union was expected to hit the market this week for the third syndicated bond under its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme. But with no mandate announcement in sight, the borrower will likely wait until next week, according to SSA bankers.

As previously reported by GlobalCapital, the EU asked banks last Thursday to renew their proposals for a new 15 year bond, with the expectation that the deal would hit the market this week.

“I was expecting the deal on screens on Monday, but the recent rally may ...

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