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Markets snap up €20bn of new EU recovery bonds
By EUobserver
The EU was set to raise €20bn from its first issue of 10-year bonds in its €800bn post-pandemic recovery fund, amid soaring demand for the triple-A rated financial product Tuesday, Reuters reports. Demand outstripped supply, with investors keen to buy up to €145bn on the day. The programme will make the EU the world's largest supranational debt issuer when completed. The fund is to help member states up till 2026.