The 25-year bonds maturing on February 4, 2048, were more than six times oversubscribed, a very positive result especially given the market turbulence of recent weeks. Including this transaction, the Commission has issued bonds for a total amount of €47.5 billion in the first half of 2022, bringing it even closer to its target of €50 billion for the funding under NextGenerationEU in the first six months of the year. The Commission has so far raised €118.5 billion through the issuance of long-term EU bonds under the NextGenerationEU program since its launch in June 2021, of which €28 billion euros in NextGenerationEU green bonds. The funds are used to finance Europe's long-term economic recovery and resilience through the Recovery and Resilience Facility and other EU budget programmes. By the end of June 2022, the Commission will announce its funding targets for the second half of the year.