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30-year bond issue three billion euros in the EU, Portugal and Ireland received a helping hand

Release Date:2012-05-05  Hits:459
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These government bonds will be on April 4, 2042 maturity, coupon rate of 3.75%. Treasury bonds welcomed by the market, the day of purchase funds to more than 5.2 billion euros, the basic purchased within the EU financial institutions, institutions in Germany to buy a 70 percent share, ranked first; British institutions to buy a 13% share of in second place. Divided by agency basis, 81% of the share acquisition by insurance companies or pension funds World Pipe network informed, banks, bought 18 percent.



The announcement said, these bonds are issued by the European Commission on behalf of the European financial stability mechanism, the proceeds from the average assigned to Portugal and Ireland, as part of providing financial assistance to both countries.



The European Commission said that the maturity of these bonds up to 30 years, which helps to improve the debt service sustainability in Portugal and IrelandWorld Steel Pipe , and the two country's economic recovery.


The European Commission announced that the day of the European Commission successfully issued € 3 billion of 30-year bond.

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