EU to Start Talks Soon on Adding Its Debt to Sovereign Indexes
- Officials will contact firms compiling indexes before year-end
- Bloc is pushing to improve liquidity, pricing of its debt
The Berlaymont building in Brussels.
Photographer: Simon Wohlfahrt/BloombergThis article is for subscribers only.
The European Union will soon reach out to bond index providers to argue that its debt should be included in major benchmarks for sovereign nations, as the bloc looks to improve its cost of borrowing.
Staff will get in touch with firms compiling the gauges by the end of the year, according to European Commission officials, who asked not to be named because the information isn’t public. Any decision to include EU bonds in government bond indexes rather than those for supranational institutions would depend on the approach taken by individual index companies and may take some time, the officials said.