Commentary & Deal Flow

The European Union, rated Aaa/AA+/AAA/AAA (Moody's/S&P/Fitch/Scope), has mandated Credit Agricole CIB, Goldman Sachs Bank Europe SE (B&D/DM), J.P. Morgan, NatWest, and Societe Generale as Joint Lead Managers for its upcoming EUR Fixed Rate Reg S Bearer dual tranche transaction.

The offering will comprise a NEW 7-year benchmark due 12-Oct-33 and a TAP of the EU 4.000% Oct-2055 (ISIN: EU000A4EG039).

A co-lead group will be comprised of Commerzbank, DZ Bank, HSBC, Intesa, KBC and Santander.

The transaction will be launched tomorrow, subject to market conditions.

• Target Market: Professionals, retail and eligible counterparties (all channels for distribution), each as defined in MIFID II/UK MiFIR.
• Stabilisation: FCA/ICMA stabilisation.