EU storms through SURE return as sovs line up in euro market

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By Burhan Khadbai
26 Jan 2021

The European Union wrapped up its first bond of 2021 under the Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme in style with a quick execution and another impressively sized order book.

On Monday, Barclays, Commerzbank, Deutsche Bank, Goldman Sachs and LBBW were appointed to lead the sale of the EU’s new long seven year euro benchmark maturing in June 2028 and a reopening of the EU’s 0.3% November 2050 bond.

The books opened on Tuesday morning with guidance of mid-swaps ...

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