The European Commission announced on Wednesday 24 March that it had raised an additional €13 billion under the SURE instrument in order to support national short-time working schemes.
This operation consisted of the issue of two bonds, one amounting to 8 billion euros of securities redeemable in March 2026, and the other for 5 billion euros of securities redeemable in May 2046. The 5-year bond will have a negative return for investors of -0.488%, while the 25-year bond will have a slightly positive return of 0.476%.
This is the second such transaction to be made in March, and the sixth since the programme began.
So far, the European Commission has raised a total of €75.5 billion, with a further €13-14 billion to be raised in the second quarter.
So far, sixteen Member States have received SURE funding out of the nineteen that applied for the instrument (see EUROPE 12684/16). As a reminder, out of the total envelope of €100 billion with which the SURE instrument has been financed, €90.6 billion have already been mobilised. (Original version in French by Pascal Hansens)