Demand for New EU Bond Wanes Amid France’s Political Anxiety
- Orderbook for 15-year offering was the weakest since October
- Investors also await MSCI’s decision on index reclassification
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Demand for a new European Union bond fell short of recent deals as France’s political turmoil roils investor appetite for the region’s assets.
The bloc gathered €37.5 billion ($40.2 billion) in orders for its 15-year syndicated debt offering on Tuesday, the weakest demand since a three-year issuance in October and way below the €63.5 billion orderbook for a same-maturity sale just over a year ago.