• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

EU makes market history with $276 billion record demand for its social bonds

5 years ago
in Economy, highlights, Home, home-news, latest News
1 min read
0 0
0
European Commissioner Johannes Hahn - norvanreports

European Commissioner Johannes Hahn - norvanreports

104
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The European Union has made a historic debut on the bond markets as it looks to fund the region’s recovery from the coronavirus crisis.

The bloc was after 17 billion euros ($20.15 billion) in the bond market on Tuesday to fund its coronavirus-related unemployment scheme, known as SURE. However, the demand from investors was well above that amount, reaching 233 billion euros ($276 billion) — which it said was a record orderbook and the largest supranational transaction ever launched.

“With this operation, the European Commission has made a first step towards entering the major league in global debt capital markets. It is the highest amount ever borrowed in the history of the EU,” European Commission Johannes Hahn, in charge of the bond sale, said in a statement on Tuesday.

The milestone was important for the EU as it gears up to become one of the region’s biggest borrowers alongside individual countries such as France and Italy.

In the wake of the pandemic, the political bloc has agreed to tap the markets to fund investments and projects to revive the economy.

The 17 billion euros were split over 10 billion euros, due in 10 years, and 7 billion euros, due in 20 years. The demand for the 10-year note reached 145 billion euros and it was over 88 billion euros for the 20-year paper.

The yield on the 10-year bond closed at -0.238% and it was 0.131% on the 20-year note. Yields move inversely to prices.

RelatedPosts

Dollar Slides as Trump Fires Fed Governor Lisa Cook

IISD and IMANI to Host Roundtable Shaping Ghana’s New Independent Fiscal Authority

Premier League: Ngumoha’s Late Goal Seals Liverpool’s Thrilling Win Over Newcastle

Both represent higher returns in comparison with the German sovereign bund, which is seen as a benchmark in Europe by bond traders.

“The strong investor interest and the favourable conditions under which the bond was placed are further proof of the new-found interest in EU bonds,” Hahn said.

He added that the “social” character of the bond sale helped attracting demand as more investors look to put their money in areas deemed more sustainable.

ESG (environmental, social and corporate governance) is a growing trend in financial markets, where investors look to allocate their funds to companies and borrowers that serve one or more of these purposes.

Via: norvanreports
Tags: $276 billionBondsCoronavirus pandemicEUEuropean Commission Johannes Hahn
No Result
View All Result

Highlights

US Open: Venus Williams and Keys Bow Out as Alcaraz Launches Campaign

GSE Opens Week Higher as CPC Posts First Gain of 2025

Asante Gold Announces Completion of $500m Financing Package to Boost Bibiani and Chirano Growth Plans

Gov’t Pledges to Intensify Reforms in Gold Sector Ahead of Crucial Anti-Money Laundering Assessment

Otto Addo Expected to Announce Squad for Crucial 2026 World Cup Qualifiers

How Artificial Intelligence Is Both Driving and Derailing Decarbonization

Trending

Business

Dollar Slides as Trump Fires Fed Governor Lisa Cook

August 26, 2025

Dollar Slides as Trump Fires Fed Governor Lisa Cook President Trump has fired Federal Reserve Governor Lisa...

IISD and IMANI to Host Roundtable Shaping Ghana’s New Independent Fiscal Authority

August 26, 2025

Premier League: Ngumoha’s Late Goal Seals Liverpool’s Thrilling Win Over Newcastle

August 26, 2025

US Open: Venus Williams and Keys Bow Out as Alcaraz Launches Campaign

August 26, 2025

GSE Opens Week Higher as CPC Posts First Gain of 2025

August 26, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.