The EU as a borrower – investor relations

NextGenerationEU – the temporary recovery instrument of around €800 billion in current prices – is at the heart of the EU response to the coronavirus crisis. To finance the recovery, the European Commission – on behalf of the EU – is borrowing on the capital markets.

By issuing up to €250 billion of green bonds, or 30% of all NextGenerationEU funds, the Commission will become the largest green bonds issuer in the world.

To finance the SURE – the EU programme to finance short-term employment schemes across the EU – the Commission is issuing up to €100 billion of social bonds.

The European Commission runs several lending programmes to support EU Member States and third countries: Support to mitigate Unemployment Risks in an Emergency (SURE), Balance of Payments, European Financial Stabilisation Mechanism and Macro-Financial Assistance programme.

Information about the EU's annual borrowing decision and funding plans.

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Transparent relations with banks are key for the success of the NextGenerationEU diversified funding strategy.

To best address its funding needs, the Commission has launched an auction programme. Under this programme, the Commission is auctioning both its EU-Bills and part of its EU-Bonds.