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EU-Bonds Auction Results, April 27 - Three Tranches

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Summary

The European Commission, on behalf of the European Union, conducted an EU-Bonds auction on April 27, 2026, with results published for three tranches: EU-Bonds maturing 04/12/2031 (ISIN EU000A3L1DJ0, 2.500% coupon), EU-Bonds maturing 12/12/2036 (ISIN EU000A4ERVC2, 3.250% coupon), and EU-Bonds maturing 04/04/2044 (ISIN EU000A3K4EL9, 4.000% coupon). Total allotment across all three tranches was approximately €6.039 billion, with cover ratios ranging from 1.14 to 1.33. Settlement for the competitive auction is scheduled for April 29, 2026, and for the non-competitive auction for April 30, 2026. Investors in EU sovereign bonds and financial institutions trading EU debt should note the weighted average yields of 2.980%, 3.477%, and 3.937% respectively, reflecting market conditions at auction. The publication provides standard auction transparency data and does not impose any new compliance obligations.

“The European Commission, on behalf of the European Union, has today carried out an EU-Bonds auction.”

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What changed

This document publishes the results of a scheduled EU-Bonds auction conducted by the European Commission on behalf of the European Union. The auction comprised three bond tranches with maturity dates in 2031, 2036, and 2044, raising approximately €6.039 billion in total allotment. The document provides standard market transparency data including bid volumes, allotment amounts, weighted average prices, lowest accepted prices, yields, and cover ratios for each tranche. This is a disclosure document providing auction transparency information; it does not create, amend, or remove any regulatory obligations. Financial institutions, investors, and counterparties engaged in EU sovereign debt markets may use this data for market reference purposes.

The auction results have no direct compliance implications for regulated entities. Secondary market participants, primary dealers, and investors tracking EU government bond issuance may reference these results for yield curve analysis and market positioning. There are no required actions, deadlines, or penalties associated with this notice.

Archived snapshot

Apr 27, 2026

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The European Commission, on behalf of the European Union, has today carried out an EU-Bonds auction. The results of this auction are as follows:

| | EU-Bonds
04/12/2031
2.500% | EU-Bonds
12/12/2036
3.250% | EU-Bonds
04/04/2044
4.000% |
| --- | --- | --- | --- |
| ISIN | EU000A3L1DJ0 | EU000A4ERVC2 | EU000A3K4EL9 |
| Competitive auction | 27/04/2026 | 27/04/2026 | 27/04/2026 |
| Settlement competitive auction | 29/04/2026 | 29/04/2026 | 29/04/2026 |
| Non-competitive auction | 28/04/2026 | 28/04/2026 | 28/04/2026 |
| Settlement non-competitive auction | 30/04/2026 | 30/04/2026 | 30/04/2026 |
| Maturity | 04/12/2031 | 12/12/2036 | 04/04/2044 |
| Volume bids * | 2 543 | 3 418 | 1 604 |
| Volume allotment * | 2 051 | 2 579 | 1 409 |
| Non-competitive allocation * | - | - | - |
| Old outstanding amount * | 18 455 | 9 000 | 14 409 |
| New outstanding amount * | 20 506 | 11 579 | 15 818 |
| Weighted average price | 97.547% | 98.016% | 100.790% |
| Lowest accepted price | 97.530% | 97.990% | 100.750% |
| % awarded at lowest accepted price | 100.00% | 100.00% | 100.00% |
| Weighted average yield | 2.980% | 3.477% | 3.937% |
| Cover ratio | 1.24 | 1.33 | 1.14 |
* in millions of euros

Details

Publication date 27 April 2026 Location Luxembourg

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Classification

Agency
EC
Published
April 27th, 2026
Instrument
Notice
Branch
Executive
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Investors Government agencies
Industry sector
9211 Government & Public Administration
Activity scope
Government bond issuance Sovereign debt auction
Geographic scope
European Union EU

Taxonomy

Primary area
Financial Services
Operational domain
Finance
Topics
Banking Securities

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