Brussels is preparing to issue medium- and long-term bonds worth €10 billion ($11 billion) to raise additional funds in the fourth quarter. The EU is reportedly planning to place bonds maturing in December 2027 and October 2039 through banks. Syndicated debt obligations allow governments to raise large sums quickly, diversifying the investor base. This decision is due to the growing debt of the European Union, which may reach €900 billion in three years. Active fundraising is associated with financing recovery programs after the coronavirus pandemic and support for Ukraine. The issue of the EU's own bonds increased sharply after the agreement of the member states in 2020 on the issue of common debt obligations for the NextGenerationEU program. Recall that the NextGenerationEU program, designed until 2027, is aimed at restoring the European economy and sustainable development. Its implementation will require about €800 billion. Brussels will have to start repaying loans for NextGenerationEU from 2028.
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