European Coal and Steel Community
List of Deals
- 1957 $25,000,000 5 1/2% secured bonds (seventh series), $7,000,000 serial secured notes (eighth series), $3,000,000 bank loans (ninth series)
- 1974 $100,000,000 8 3/4% notes due December 1, 1979
- 1975 $150,000,000 8 3/8% notes, due February 15, 1983
- 1975 $125,000,000 8 7/8% notes, due December 15, 1980
- 1962 $25,000,000 5 1/4% sinking fund bonds due April 15, 1982
- 1979 $125,000,000 9 3/4% bonds, due August 1, 1999
- 1960 $25,000,000 5 3/8% secured bonds (thirteenth series), $10,000,000 serial secured notes (fourteenth series)
The European Coal and Steel Community (ECSC) was founded in 1951 and established as a sovereign entity by the Treaty of April 18, 1951, by France, West Germany, Italy, Belgium, Luxemburg, and the Netherlands to pool the steel and coal resources of its member-states.
The purpose of the ECSC under the treaty was to aid the development of the economies of the member-states through the creation of a common market for coal and steel. The ECSC was the foundation for the development and creation of the European Community, and then the European Union.
The ECSC was the first step taken by European communities following World War II toward integrating political, economic, and technical cooperation. It also provided and facilitated the creation in 1958 of the European Economic Community (EEC), which helped to create the common market for all products other than those covered by the treaty.