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EU’s Social Bonds Draw $275 Billion to Set Global Demand Record

  • Bloc sells 10-, 20-year social bonds under job-support plan
  • Bond issuance across region tops 1.5 trillion euros this year
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EU’s First Social Bonds Offering Draws More Than $275 Billion
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The European Union’s first offering of social bonds drew orders of more than 233 billion euros ($275 billion), likely to be the biggest ever for any debt deal.

The bloc’s 17-billion-euro, two-part sale was nearly 14 times subscribed. The orderbooks easily topped the $120 billion of demand seen for CVS Health Corp.’s corporate offering in 2018 and Italy’s previous European sovereign record of 108 billion euros, according to data compiled by Bloomberg.