The European Commission on Tuesday 14 September raised an additional €9 billion to help Europe recover from the coronavirus crisis and its aftermath, with the fourth bond issue since the Next Generation EU programme was launched in mid-June.
The European Commission issued a 7-year bond maturing on 4 October 2028. The bond was widely subscribed (more than 11 times), with books exceeding €103 billion.
This is the fourth such operation, following the 10-year €20 billion bond issued by the European Commission on 15 June 2021, the dual-tranche €15 billion operation of 29 June 2021, and the 20-year €10 billion bond issued on 13 July 2021.
After today’s transaction, the European Commission has so far raised €54 billion under Next Generation EU.
From now until the end of 2021, the European Commission expects to raise some €80 billion in bonds, to be complemented by short-term EU debt instruments, according to the financing plan published in June 2021 and updated in September.
The European Commission will issue EU-Bills exclusively via its new auction platform. The first auction of EU-Bills is expected to take place on 15 September 2021. The European Commission will organise two more syndicated operations before the end of the year, in October and November (see EUROPE 12785/2). (Original version in French by Lionel Changeur)