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European Union mandates bookrunners for two-part bond offering; launch expected Tuesday
Chicago, Nov. 13 – The European Union chose bookrunners for an upcoming two-part offering of bonds, according to a market source.
The offering will include new five-year bonds and a benchmark tap of the issuer’s 2.625% green benchmark bond due Feb. 4, 2048 (ISIN: EU000A3K4DM9).
Barclays, BNP Paribas, LBBW, Morgan Stanley and Nordea are joint lead managers for the offering.
The transaction will be launched on Tuesday, subject to market conditions.
Proceeds will be used for purposes under the NextGenerationEU green bond framework. Specifically, funds will be used for nine broad categories of expenditure, including energy efficiency, clean energy and climate change adaptation.
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