The European Union (“EU”), rated AAA/AAA/Aaa/AA/AAA by DBRS, Fitch, Moody’s, S&P and SCOPE (positive outlook for S&P, stable for the other rating agencies), today issued a €14 billion dual tranche social bond split over two distinct tenors: €8bn due in November 2025 and €6bn due in November 2050. This was the second EU transaction under the Support to mitigate Unemployment Risk in an Emergency (SURE) programme. The deal has received an overwhelming response in the capital markets and represents one of the largest Supranational transaction ever launched.
The transaction was executed by the European Commission (Directorate General for the Budget
The transaction was executed by the European Commission (Directorate General for the Budget
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