EU Transactions in Q1 2024
date: 26/03/2024
In the first quarter of the year, the EU raised over €35 billion in long term funds over three EU-Bond syndications and three EU-Bond auctions. This included €7 billion in NextGenerationEU Green Bonds raised in the EU’s final syndication of the quarter.
In addition, the EU continued to execute regular EU-Bill issuances in 3-month and 6-month tenors throughout the quarter, ensuring a stable level of short-term debt (€18.7 billion as of end March).
A summary of the EU’s funding activities for Q1 2024 is shown below.
|
Transaction date |
Instrument |
Transaction type |
Type |
Volume issued (EUR mn) |
Maturity |
Cover ratio |
|
08/01/2024 |
Bonds |
Auction |
Tap |
2,336 |
04/07/2034 |
1.1 |
|
08/01/2024 |
Bonds |
Auction |
Tap |
2,263 |
05/12/2028 |
1.1 |
|
17/01/2024 |
Bills |
Auction |
Tap |
864 |
05/04/2024 |
1.7 |
|
17/01/2024 |
Bills |
Auction |
New |
1,336 |
05/07/2024 |
1.4 |
|
23/01/2024 |
Bonds |
Syndication |
Tap |
5,000 |
04/03/2053 |
19.8 |
|
23/01/2024 |
Bonds |
Syndication |
Tap |
3,000 |
04/12/2030 |
27.0 |
|
24/01/2024 |
Bills |
Auction |
Tap |
860 |
05/04/2024 |
1.7 |
|
24/01/2024 |
Bills |
Auction |
Tap |
840 |
05/07/2024 |
1.7 |
|
05/02/2024 |
Bonds |
Auction |
Tap |
1,710 |
04/04/2044 |
1.1 |
|
05/02/2024 |
Bonds |
Auction |
Tap |
2,724 |
05/10/2026 |
1.1 |
|
07/02/2024 |
Bills |
Auction |
Tap |
857 |
10/05/2024 |
1.6 |
|
07/02/2024 |
Bills |
Auction |
New |
1,345 |
09/08/2024 |
1.1 |
|
20/02/2024 |
Bonds |
Syndication |
New |
7,000 |
04/12/2034 |
9.5 |
|
21/02/2024 |
Bills |
Auction |
Tap |
931 |
10/05/2024 |
1.7 |
|
21/02/2024 |
Bills |
Auction |
Tap |
949 |
09/08/2024 |
1.7 |
|
04/03/2024 |
Bonds |
Auction |
Tap |
1,703 |
04/10/2038 |
1.3 |
|
04/03/2024 |
Bonds |
Auction |
Tap |
2,747 |
05/12/2028 |
1.2 |
|
06/03/2024 |
Bills |
Auction |
Tap |
1,355 |
07/06/2024 |
1.3 |
|
06/03/2024 |
Bills |
Auction |
New |
1,387 |
06/09/2024 |
1.3 |
|
19/03/2024 |
NGEU Green Bonds |
Syndication |
New |
7,000 |
04/02/2050 |
12.3 |
|
20/03/2024 |
Bills |
Auction |
Tap |
1,293 |
07/06/2024 |
1.4 |
|
20/03/2024 |
Bills |
Auction |
Tap |
1,230 |
06/09/2024 |
1.4 |
Full details on all EU transactions since June 2020 can be found here.