NextGenerationEU: European Commission raises €5 billion in green bonds in successful 10th transaction

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.

Reacting to the deal, Commissioner in charge of Budget and Administration, Johannes Hahn said: “Today's very successful deal is a demonstration of the leadership position that the EU is gaining in euro-denominated debt, which is particularly important at turbulent times. With this, we continue providing support to the European economies when needed the most.”

In addition to the funds raised under NextGenerationEU between January and June 2022, the Commission has raised €1.5 billion under its macro-financial assistance programmes, of which €1.2 billion under an emergency MFA for Ukraine. This was complemented by €2.17 billion for the EU's SURE programme to finance short-term employment schemes across the EU Member States.

The Commission will announce its funding target for the second half of the year by the end of June 2022.

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