European Commission issues €11 billion in its 8th syndicated transaction of 2025
Yesterday, the European Commission raised €11 billion of EU-Bonds in its 8th syndicated transaction for 2025. The dual-tranche transaction concerned a new €5 billion EU-Bond maturing on 14 October 2030 and a new €6 billion EU-Bond maturing on 12 October 2055.
The new 5-year bond was priced 99.903% with a re-offer yield of 2.520%, while the new 30-year bond was priced at 98.538%, with a re-offer yield of 4.085%. Bids received were in excess of €92 billion on the 5-year bond and in excess of €107 billion on the 30-year bond. This equals oversubscription rates of approximately 18.4-times and 18-times, respectively. The proceeds of the transaction will be used to finance EU policy programmes most notably in the context of NextGenerationEU and support to Ukraine.
The Commission has now issued €30.04 billion of its €70 billion funding target for the second half of 2025. A full overview of all EU transactions executed to date is available online. A detailed overview of the EUs planned transactions for the second half of 2025 is also available in the EU funding plan. The next transaction in the EUs indicative issuance calendar is an EU-Bill auction on 17 September 2025.
More information is available in a press release online.
(For more information: Balazs Ujvari - Tel.: +32 2 295 45 78; Isabel Otero Barderas – Tel.: +32 2 296 69 25)
Commission clears acquisition of Australian Venue Co by CVC and PAG
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Australian Venue Co Limited of Australia by CVC Capital Partners plc (‘CVC) of Jersey and PAG of the Cayman Islands.
The transaction relates primarily to the hospitality sector.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commissions competition website, in the public case register under the case number M.12139.
(For more information: Thomas Regnier - Tel.: +32 2 299 10 99; Sara Simonini - Tel.: +32 2 298 33 67)
Commission clears acquisition of SBP by Erste Holding
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Santander Bank Polska S.A. (‘SBP) of Poland by Erste Group Bank AG (‘Erste Holding) of Austria.
The transaction relates primarily to the Polish banking and financial sectors.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commissions competition website, in the public case register under the case number M.12038.
(For more information: Thomas Regnier - Tel.: +32 2 299 10 99; Sara Simonini - Tel.: +32 2 298 33 67)
ANNOUNCEMENTS
Executive Vice-President Virkkunen in Vienna to support innovation and competitiveness
On 11 and 12 September, the Executive Vice-President for Technological Sovereignty, Henna Virkkunen, will be in Vienna to hold discussions with Austrian researchers, innovators and ministers on advancing Europes technological sovereignty and competitiveness.
On the first day, Virkkunen will visit the Austrian Institute of Technology (AIT). Among the highlights will be a presentation of the planned AI Factory - AI:AT, critical for the integration of AI technologies into Austrias manufacturing industries, as well as a visit to the AIT Quantum lab. The quantum lab is engaged in the EU Quantum Flagship initiative, bringing together Europes quantum community to transform research into commercial applications.
The following morning, the Executive Vice-President will attend a presentation on Austrian high-tech innovation projects and on the conditions for improving European competitiveness. She will meet the Minister of Innovation, Mobility and Infrastructure, Peter Hanke; the Minister for Women, Science and Research, Eva-Maria Holzleitner; the Minister of Economy, Energy and Tourism, Wolfgang Hattmannsdorfer; and the State Secretary in the Federal Chancellery, Alexander Pröll.
Later in the day, the Executive Vice-President will participate in the ‘Technology Talks Austria conference where she will give an opening speech highlighting the importance of key technologies and innovation for Europes competitiveness.
She will later join an informal roundtable with Europes ministers in charge of digital policy to discuss the pillars of a joint push for Europes digital sovereignty.
(For more information: Thomas Regnier — Tel. + 32 2 299 10 99; Patricia Poropat — Tel: + 32 2 298 04 85)
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