The bloc was after 17 billion euros in the bond market on Tuesday to fund its coronavirus-related unemployment scheme, known as SURE. However, the demand from investors was well above that amount, reaching 233 billion euros — which it said was a record orderbook and the"With this operation, the European Commission has made a first step towards entering the major league in global debt capital markets.
The milestone was important for the EU as it gears up to become one of the region's biggest borrowers alongside individual countries such as France and Italy. In the wake of the pandemic, the political bloc has agreed to tap the markets to fund investments and projects to revive the economy.
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