In October 2020, the European Union launched the SURE program (Support to mitigate Unemployment Risks in an Emergency), to help its Member States " to fight the negative economic and social consequences of the coronavirus outbreak on their territory". A total €75.5 billion loans have been granted to states to address sudden increases in public expenditures for the preservation of employment.
To finance this program, the European Union proceeded with bond issues and just finalized the latest, a 14.37 billion double-tranche 8-year and 25-year benchmark bond, which Natixis led as Bookrunner.
Natixis is proud to support the European Union for this issuance of more than €14bn euros. Once again, we demonstrate our commitment to the financing of the economy both in France and Europe since the outbreak of this health crisis.
Nicolas Namias, CEO of Natixis
This issue also demonstrates Natixis’ commitment to the development of social bonds - bonds dedicated to social purposes – a segment which Natixis has been boosting while it was still emerging.
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