This is a double-tranche transaction generating investor bids worth €175 billion.

The operation consisted of an additional €5 billion issue of the European Union (EU) bond maturing on December 13, 2032, and a new €6 billion EU bond maturing on December 12, 2040.

The seven-year bond was quoted at 99,114%, with a reoffer yield of 2,889%, while the new 15-year bond was quoted at 99,518%, with a reoffer yield of 3,666%.

The bids received exceeded €96 billion for the seven-year bond and €79 billion for the new 15-year bond. This equates to oversubscription rates of approximately 19 and 13 times, respectively.

With this new syndicated operation, the Commission has already issued €46.12 billion of its €70 billion funding target for the second half of 2025.

jdt/arm/ga/rfc