The European Commission has today issued a further €5 billion in NextGenerationEU green bonds in the 10th syndicated transaction under the NextGenerationEU recovery instrument. The long 25-year bond due on 4 February 2048 was over six times oversubscribed, a very positive outcome, especially bearing in mind the turbulent market in recent weeks.
With this transaction, the Commission has issued a total of €47.5 billion in the first half of 2022, bringing it one step closer to the €50 billion NextGenerationEU funding target for the first six months of the year.
The Commission has so far raised €118.5 billion in long-term EU bonds under the NextGenerationEU programme since its launch in June 2021, of which €28 billion in NextGenerationEU green bonds. The funds are being used to finance Europe's economic recovery and long-term resilience via the Recovery and Resilience Facility and other EU budget programmes.