EU’s First Social Bonds Offering Draws More Than $275 Billion

The European Union has issued bonds on a large scale for the first time in years, aiming to raise funds for a job support program and a recovery fund. The issuance attracted significant demand due to its classification as a social bond and its competitive pricing compared to German bonds. This move marks a significant step for the EU in the bond market, with plans for further issuances in the future.

How does the coupon rate of the 10-year bond compare to German bonds?

What implications does the issuance of these bonds have for countries like Italy and Spain?