EU rounds off SURE funding for 2020

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By Burhan Khadbai
26 Nov 2020

The European Union impressed once again this week as it sold the third and final bond of the year under its Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme.

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

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

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