Memo: EU places €2.3 billion long 15-year bond in support of Ireland

The European Union has placed a €2.3 billion benchmark bond with April 2028 maturity, seeing strong investor demand. The proceeds will be on-lent to Ireland as part the financial assistance package decided in December 2010 and following a successful completion of the sixth programme review. The operation was carried out by the European Commission on behalf of the EU under the European Financial Stabilisation Mechanism (EFSM).