The European Commission announced on Tuesday 14 February that it has issued €7 billion of EU bonds in its second syndicated transaction for 2023.
This transaction consisted of two tranches: a tap of the EU’s 7-year bond due on 4 December 2029 and a tap of its 20-year bond due 4 November 2042 (see EUROPE 13107/2).
This syndicated transaction is the second to have taken place under the unified funding approach that the Commission has introduced as its main funding method from January 2023.
The Commission issues - on behalf of the Union - bonds under the single name of ‘EU-Bonds’, rather than separately labelled bonds for individual programmes.
The Commission has thus raised €20 billion out of the €80 billion funding target for the first half of 2023 to support the Next Generation EU recovery programme and the macro-financial assistance + programme for Ukraine.
This includes two bond auctions totalling €8.2 billion in January and early February, plus €5 billion in the first syndicated transaction of the year. Out of the €80 billion funding target, some €70 billion will be directed to Next Generation EU and around €10 billion to Ukraine. (Original version in French by Lionel Changeur)