Commentary & Deal Flow

The European Union, rated Aaa/AA+/AAA/AAA (Moody's/S&P/Fitch/Scope), has mandated Barclays, Citi, Credit Agricole CIB, DZ Bank and J.P. Morgan (DM/B&D) as Joint Lead Managers for its upcoming € Fixed Rate Reg S Bearer dual tranche transaction, comprising a new 3-year benchmark due 12-Mar-30 and a new 30-year benchmark due 12-Oct-56.

There will be a co-lead group comprised of Commerzbank, Intesa, LBBW, KBC and Piraeus.

An expected € benchmark Reg S Fixed Rate 3yr & 30yr offering will follow in the near future, subject to market conditions.

• Fees: Lead and co-lead Managers will be paid a fee in connection to the transaction.
• Target Market: Professionals, retail and eligible counterparties (all channels for distribution), each as defined in MIFID II/UK MiFIR.
• Stabilisation: FCA/ICMA stabilisation.