European Commission raises a further 12 billion Euro for Europe’s recovery

The European Commission has issued 12 billion Euro in a dual tranche transaction under its flagship NextGenerationEU programme. The deal was the 12th syndicated transaction under NextGenerationEU and the 7th in 2022. It consisted of a new 5-year bond of 7 billion Euro due on 4 October 2027 and a new 30-year bond of 5 billion Euro due on 4 October 2052.

The investor demand remained strong despite the challenging market context, with combined bids exceeding 114 billion Euro, or an oversubscription of more than 9 times.

European Commissioner in charge of Budget and Administration, Johannes Hahn, said: “The Commission’s NextGenerationEU programme continues to deliver to the benefit of EU Member States and beneficiaries. The funds raised today will continue to support Europe’s recovery from the pandemic, and the much needed green and digital transformations.”

The Commission has issued a total of 73.75 billion Euro in long-term funding under NextGenerationEU in 2022 and 144.75 billion Euro since the start of the programme in June 2021. Of the total, 23.75 billion Euro have been issued since July 2022  in line with the execution of the Commission’s funding plan for the period between July and December 2022 as presented at the end of June 2022.