The Commission intends to issue up to €90 billion of EU Bonds in the first half of 2025 (H1), from January to June 2025. The Commission’s funding plan for H1 2025 continues the 2024 issuance programme, during which the EU raised €138 billion in long-term funds.
Funds raised by the European Commission through EU-Bond issuances continue to drive the EU’s recovery from the coronavirus pandemic, strengthen the resilience of its economy, and support the EU’s neighbouring partners, notably Ukraine and the Western Balkans.
These wide-ranging borrowing operations will strengthen the EU Bond market while guaranteeing continuous support to policies funded through EU bond issuances. Besides long-term funding operations, the Commission will continue issuing short-term EU bills to complement its financial operations.
2024 marked the highest annual issuance volume ever executed by the EU, in line with the announced planning. Additionally, in 2024, the EU became the fifth largest issuer of green bonds globally with over €68 billion outstanding in NextGenerationEU (NGEU) Green Bonds, and is now on track to become the largest global green bond issuer.
The recently published NGEU Green Bond Impact and Allocation report confirmed the EU’s role as a global leader in sustainable finance. As demonstrated in the report, the full implementation of green investments financed through NGEU Green Bonds could result in a reduction of 55 million tons of greenhouse gas (GHG) emissions in the EU annually, equivalent to 1.5% of all GHG emissions.
For 2025 as a whole, the Commission anticipates issuing approximately €160 billion in EU Bonds, ensuring consistent support for its borrowing-based programmes.
