To finance its lending programmes in the past, the Commission has issued bonds with maturities of 3 to 30 years. To fund SURE, the Commission has issued benchmark bonds with maturities from 5 to 30 years.

Bonds with benchmark maturities (3, 5, 7, 10, 15, 20, 25, 30 years) will remain the principal way for the Commission as an issuer 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 will where possible augment the amount of already issued bonds (taps). By doing so the outstanding amount of the bond will make these bonds more liquid in the secondary market trading and hence more attractive to investors.