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European Commission raises €5 billion in green bonds under NextGenerationEU

European Commission raises €5 billion in green bonds under NextGenerationEU
22 June 2022

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.

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.

Image © European Commission 

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