The European Commission announced Wednesday it intends to issue up to EUR 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 its 2024 issuance programme, during which the EU raised €138 billion in long-term funds.
Funds raised by the Commission through EU Bond issuances playt an important role in driving the EU’s recovery from the coronavirus pandemic, strengthening the resilience of its economy, and supporting the EU’s neighbouring partners, notably Ukraine and the Western Balkans.
The EU executive says 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 says it will continue issuing short-term EU-Bills to complement its financial operations.
For 2025 as whole, the Commission anticipates issuing approximately €160 billion in EU Bonds, ensuring consistent support for its borrowing-based programmes.
On the basis of mandates under several borrowing programs, the Commission borrows funds on international capital markets on behalf of the EU and disburses them to Member States and third countries.
“The publication of the Funding Plan for the first half of 2025 underscores the critical role of EU borrowing in advancing EU priorities,” said Budget Commissioner Piotr Serafin: “These operations have become essential for enabling swift responses to emerging priorities and challenges.”
Under the EU Treaties, all Member States are legally obligated to contribute to the EU budget, which guarantees EU borrowing.
