EU completes hat-trick of SURE bonds

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By Burhan Khadbai
24 Nov 2020

The European Union impressed once again as it sold the third bond under its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme on Tuesday.

Following the mandate announcement on Monday, leads Citi, HSBC, JP Morgan, LBBW opened the books on the EU’s latest July 2035 social bond benchmark with guidance of mid-swaps minus 2bp area.

At the first update, the books stood at over €90bn, allowing the leads ...

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