NextGenerationEU: European Commission raises an additional €5 billion in support for Europe’s recovery
Source: European Commission Spokesperson's Service
In its first bond syndication of 2022, the European Commission has today raised a further €5 billion in NextGenerationEU funds on behalf of the EU in yet another successful deal.
Due on 6 July 2051, the 30-year bond – executed as an increase to an existing EU-Bond - brings the total financing raised under the programme to €78.5 billion. The Commission’s successful placement will help sustain the momentum behind Europe’s recovery from the COVID-19 pandemic.
The Commission complemented this issuance with a further €2.2 billion, 5-year bond to fund back-to-back loans to Portugal under the European Financial Stability Mechanism (EFSM).
Using funds already raised under NextGenerationEU, the Commission has financed some €67 billion in Recovery and Resilience Facility payments to a number of Member States. As of end-December 2021, over €7 billion has further been allocated in support of other EU programmes key to Europe’s successful navigation of the digital and green transitions.
More information is available in the press release.