The European Commission raised an additional 5 billion euros in NextGenerationEU funds. The new cash flow that will be used to support the post-covid recovery of European countries, is the result of the issue of 30-year bonds, maturing on 6 July 2051, which brings the total funding raised under the program to 78.5 billion euros. The bond generated nearly 13 times more demand than the supply, reaching a total order book of 64.1 billion euros. This strong demand enabled the Commission to place the bond at very favourable price terms, demonstrating the strong investor confidence in the NextGenerationEU programme.
Using funds already raised under NextGenerationEU, the Commission has financed some 67 billion euros in payments under the Resilience and Recovery Facility for a number of Member States. At the end of December 2021, more than 7 billion euros had been further allocated to support other EU programmes that are key to the success of the trend of digital and green transitions in Europe.