The European Union (EU) has raised €4 billion in a sale of bonds, The Wall Street Journal reports. The EU will use the proceeds to back the European Commission’s contribution to aid packages for Ireland and Portugal under the European Financial Stabilization Mechanism. The notes carry a coupon rate of 3 percent and are scheduled to mature on Sept. 4, 2026. Barclays, Credit Agricole, DZ Bank, Goldman Sachs Group and JPMorgan Chase & Co. served as lead managers on the transaction.
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