This is the twelfth syndicated transaction under NextGenerationEU and the seventh within 2022.
Yesterday, the European Commission issued €12bn of bonds through a two-tranche transaction under the programme NextGenerationEU.
This is the twelfth syndicated transaction under NextGenerationEU and the seventh within 2022. The transaction involved a new five-year bond of €7 billion, which matures on 4 October 2027, and a new 30-year bond of €5 billion , which expires on October 4, 2052. Despite the difficult times, investor demand remained strong with total offers of more than €114 billion, making the issue more than nine times oversubscribed.
Commissioner for Budget and Management Mr Johannes Hahn said: “The Commission’s NextGenerationEU program continues to deliver benefits to its beneficiaries and EU Member States. The funds we have raised will allow us to continue supporting Europe’s recovery from the pandemic , as well as the green and digital transition, which we need so much”.
With yesterday’s transaction, the Commission has issued a total of €73.75 billion in long-term funding under NextGenerationEU in 2022, and €144.75 billion since June 2021 when the program started. Of this total amount, €23.75 billion have been issued from July 2022 to date, according to the funding plan for the period July – December 2022, which the Commission presented at the end of June 2022. Thanks to the funds collected, the Commission has so far disbursed over €110 billion under the Recovery and Resilience Facility and over €15 billion for other EU programs funded under NextGenerationEU.
Lena Flitzani
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I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.
