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inaugural jumbo social bond

Deutsche Bank leads largest ever social bond for EU

6 mins read

The FINANCIAL — Deutsche Bank helped the European Union (EU) break new records this week by leading its inaugural jumbo social bond. The 17 billion euro issuance, split between a 10 billion euro 10-year and a 7 billion euro 20-year tranche was the largest social bond ever. With an order book exceeding 233 billion euros, it attracted more demand than any other bond in history according to Refinitiv. The transaction marks the EU’s debut issue from its 100 billion euro SURE programme, which will provide loans to help member states reduce unemployment during the Covid pandemic. Around 30 billion euros…

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Deutsche Bank leads largest ever social bond for EU

6 mins read

The FINANCIAL — Deutsche Bank helped the European Union (EU) break new records this week by leading its inaugural jumbo social bond. The 17 billion euro issuance, split between a 10 billion euro 10-year and a 7 billion euro 20-year tranche was the largest social bond ever. With an order book exceeding 233 billion euros,…