On Tuesday 15 June, the European Commission raised €20 billion in ten-year bonds (maturing on 4 July 2031) to finance the Next Generation EU Recovery Plan. This first operation on the markets is the largest institutional bond issue ever carried out in Europe.
The President of the European institution, Ursula von der Leyen, described this operation as a first “key step” in raising “800 billion euros” on the markets to help revive the European economy. Demand was “seven...