EU’s third SURE bond approaches

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By Lewis McLellan
23 Nov 2020

The European Union’s third outing to fund its Support to Mitigate Unemployment Risks in an Emergency programme is set to hit the market on Tuesday in the shape of a 15 year tenor — matching the maturity of its loans.

The EU has selected Citi, HSBC, JP Morgan, LBBW and Société Générale to run the books for a July 2035 deal.

The SURE programme will lend up to €100bn to EU countries to support temporary employment support schemes designed to mitigate the economic ...

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