On 13 January, the European Commission raised €11 billion of EU-Bonds in its 1st syndicated transaction for 2026.
The dual-tranche transaction concerned a new €6bn EU-Bond maturing on 12 July 2029 and a €5 billion tap of the EU-Bond maturing on 12 October 2055. The 3-year bond was priced 99.839% with a re-offer yield of 2.426% and the 30-year bond was priced 98.934% with a re-offer yield of 4.061%. Bids received were in excess of €65bn on the new three-year bond and in excess of €97bn on the 30-year bond. This equals oversubscription rates of approximately 11-times and 19-times, respectively.
The Commission has now issued €11 billion of its €90bn funding target for the first half of 2026. A full overview of all EU transactions executed to date is available online. A detailed overview of the EU’s planned transactions for the first half of 2026 is also available in the EU funding plan. The next transaction in the EU’s indicative issuance calendar is an EU-Bill auction on 21 January 2026.
More information is available in a press release online.
