European Union Unveils Recovery Fund Financing Plan

The EU will issue €250bn of green bonds financing environmentally beneficial projects as part of a funding strategy for the €800bn COVID recovery plan, to be raised from this year to the end of 2026. They will borrow an average of €150bn per year, including They will issue bills, medium, and long-term bonds using a combination of syndications and auctions. It will publish funding plans every six months.

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