THE European Commission issued the first Green homologyunder the Recovery Fund (NextGenerationEU) on Tuesday, gathering 12 billion euros for the financing of green and sustainable investments in the EU.
In its communication, the Commission emphasizes that this is larger issue of green bonds “With NextGenerationEU green bonds, the EU will become the largest issuer of green bonds in the world, providing a significant boost to sustainable financial markets, as well as financing a greener EU recovery from the pandemic. “With a strong enrollment rate and excellent pricing conditions, today’s issue represents a promising start to the NextGenerationEU green bond program of up to € 250 billion by the end of 2026.”
The 15-year bond that expires on February 4, 2037 signed over 11 times, with books that exceeded 135 billion euros, while a wide range of investors expressed interest in the bond, reports APE BPE.
The Commissioner for Budget, Johannes Han, said: “Today ‘s issue is a strong start for the NextGenerationEU green bond program. It is about to make the EU the world’s largest issuer of green bonds, it is a strong signal of the EU’s commitment to sustainability. “Our future is green and it is extremely important that we seize the opportunity, to make it clear to investors that their funds will be used to fund a sustainable European recovery.”
Today’s edition follows the approval of the framework NextGenerationEU Green Bond in September. The framework, which is fully compliant with the principles of the International Monetary Fund (ICMA) green bonds – a market model for green bonds – reassures investors that the funds raised will be used for green investments.
Funds from NextGenerationEU green bond issues will be used to finance green and sustainable projects under the recovery and resilience mechanism (RRF).
At least 37% Every national recovery and resilience plan must be dedicated to the green transition, with many Member States trying to more.
She is the Thursday consortium since the start of NextGenerationEU funding in June 2021, also notes the RES EIA.
In addition, the Commission carried out first auction NextGenerationEU bonds at the end of September.
These acts have so far enabled the Commission to mobilize 68.5 billioneuro in long-term financing, through bonds.
In addition, the Commission has issued approx EUR 14 billion from EU bonds after the start of securities auctions of the EU in mid-September 2021.
During 2021, the Commission expects to raise bonds amounting to approximately 80 billioneuro, which will be supplemented with short-term EU bonds.
As announced in September in the detailed issue calendar for 2021, the Commission plans to carry out another consortium by the end of the year, him November.
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