BRUSSELS, June 18 (Reuters) – Eight banks that were
previously excluded from syndicated debt sales backing the
European Commission’s up to 800-billion-euro ($950.7 billion)
COVID-19 recovery fund will be allowed to take part in future
issues, the EU executive said on Friday.
“The eight banks have provided information that allow the
Commission to conclude that their further exclusion from
participation in syndicated transactions in EU bond issuances is
not warranted,” the Commission said in an email.
It did not name the banks.
($1 = 0.8415 euros)
(Reporting by Foo Yun Chee in Brussels and Yoruk Bahceli in
London; Editing by Alison Williams)