EU Commission raises €5bn in green bonds

Under the NextGenerationEU green bond framework, the funds will be used for nine categories, including energy efficiency, clean energy and climate change adaptation

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The European Commission has raised €5 billion (£4.3bn) in green bonds in the 10th syndicated transaction.

The 25-year long bond, due on 4th February 2048, was more than six times oversubscribed, taking the total raised so far to €118.5 billion under the NextGenerationEU programme since its launch in June 2021.

NextGenerationEU is a temporary instrument bringing up to €800 billion (£689bn) in support to Europe’s recovery from the coronavirus pandemic and building a greener, more digital and more resilient Europe.

Under the NextGenerationEU green bond framework, the funds will be used for nine categories, including energy efficiency, clean energy and climate change adaptation.

Johannes Hahn, Commissioner in charge of Budget and Administration said: “Today’s very successful deal is a demonstration of the leadership position that the EU is gaining in euro-denominated debt, which is particularly important at turbulent times.

“With this, we continue providing support to the European economies when needed the most.”