EU €5bn bond cheers fixed income investors

Deals in Focus: €5bn EU bond

Gerassimos Thomas, EU finance group

Deal terms
Issuer: European Union
Size: €5 billion
Issue date: January 5, 2011
Maturity: December 4, 2015
Ratings: AAA/Aaa/AAA (Fitch/Moody’s/Standard & Poor’s)
Coupon: 2.5%
Re-offer price: 99.594%
Re-offer spread: Mid-swaps plus 12bp
Bookrunners: Barclays Capital, BNP Paribas, Deutsche Bank, HSBC
Co-leads: BAML, Credit Suisse, Goldman Sachs, JP Morgan, Morgan Stanley, Société Générale, UBS, Unicredit

There was much riding on the European Union’s first bond deal issued under the European Financial Stabili

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