March 04, 2025 15:44 GMT
MNI BRIEF: EC New Instrument Borrowing Seen In Curve Long-End
Brussels borrowing for its new defence instrument will likely be in longer maturities
MNI (LONDON) - European Commission issuance for its new instrument designed to facilitate defence investment will likely be of longer-dated bonds, an official said Tuesday
The EC will borrow "up to" EUR150 billion on capital markets to finance the new tool, officials said, largely in "quite long maturities."
"We do expect a significant number of member states will be interested in taking up these loans," the same official said, noting that around 20-plus EU states currently have higher borrowing rates than the EC.
Keep reading...Show less
82 words