Commentary & Deal Flow

The European Union, rated Aaa/AA+/AAA/AAA by Moody's/S&P/Fitch/Scope, has mandated Citi, Deutsche Bank (B&D/DM), HSBC, Natixis and Nomura as Joint Lead Managers for its upcoming EUR Fixed Rate Reg S Bearer dual tranche transaction.

The offering will comprise a TAP of the EU 2.375% Jul-2029 (ISIN: EU000A4ENP68) and a new 20-year Benchmark due 12-Oct-46. The transaction will be launched tomorrow, subject to market conditions.

There will be no further group. Lead Managers will be paid a fee in connection to the transaction. The target market for the bonds is professionals, retail and eligible counterparties (all channels for distribution), each as defined in MIFID II/UK MiFIR. FCA/ICMA stabilisation.