EU Nations led by Germany May Issue ‘Elite Bonds,’ Welt Reports

Germany, France and four other AAA- rated EU members may issue common bonds to help indebted euro region members, Die Welt reported, citing unidentified EU diplomats.

Finland, Holland, Luxembourg and Austria are part of the plan aimed at stabilizing the AAA-rated countries and creating a firewall to calm financial markets, the newspaper said.

The U.K. is involved in the talks over the so-called “elite bonds” that would have an interest rate of 2 percent to 2.5 percent, the newspaper said.

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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