To finance its lending programmes, the Commission issued in the past bonds with maturities of 3 to 30 years.

Bonds with benchmark maturities (3, 5, 7, 10, 15, 20, 25, 30 years) will remain the principal way for the Commission to implement its funding plan.

Under NextGenerationEU, the Commission has already started to issue bonds with benchmark maturities along the maturity curve and will continue to do so, both via syndicated transactions and via auctions.

In this way, the Commission is consolidating a regular presence on all parts of the maturity curve with as liquid as possible EU-Bonds.

In addition to issuing new bonds with new maturities, the Commission is, where possible, augmenting the amount of already issued bonds (taps). By doing so, the outstanding amount of the bond is increasing, making these bonds more liquid in secondary market trading and hence more attractive to investors.