EU nation issues its first-ever war bond

Luxembourg, the smallest NATO member, has opted for the debt instrument to meet the bloc’s defense spending requirements

Luxembourg has issued its first-ever war bond, becoming the first EU country to issue such a debt security since World War Two.

The issuance of the bond was announced on Thursday by Finance Minister Gilles Roth, who said the initiative was designed to “make citizens’ savings more available for economic development.” According to the minister...