The European Commission announced on Tuesday 29 June that it had raised €15 billion in its second ‘Next Generation EU’ operation to finance the recovery of the European economy following the coronavirus crisis and its consequences.
The Commission specifies that the transaction is a dual-tranche, consisting of a 5-year €9 billion bond (maturity: 6 July 2026) and a 30-year bond of €6 billion (maturity: 6 July 2051).
Both tranches have attracted very strong interest from...