The European Union sold EUR3 billion in 30-year bonds to fund the bailouts of Ireland and Portugal, the European Commission said Monday, reports the Wall Street Journal.
The source reports that the bonds were issued on behalf of the European Financial Stabilization Mechanism, the bailout fund backed by the EU budget. The coupon is 3.75%, and the bonds will mature April 4, 2042, the commission said.
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Source: http://www.aysor.am/en/news/2012/01/10/eu-euro/
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