Open Demo Account
Home / Market Update / EU Issues Bonds to Support Recovery Fund
Eurozone
Eurozone

EU Issues Bonds to Support Recovery Fund

M. Ali 14 June, 2021 10:55 pm Market Update

The European Union (EU) launched on Monday the sale of the first bond backing its massive COVID-19 recovery fund, Reuters reported.

The aim is to provide the needed finances to member countries, providing aid in combating the pandemic.

A 10-year bond represents the beginning of an expected EUR 800 billion of debt issuance until 2026.

The bond is expected to raise EUR 10 billion, with another EUR 80 billion expected from long-term debt instruments this year.

Tags

Check Also

U.S. Stocks Climb on Economic Optimism, Fed Signals,

Strong Labor Market Fuels Market Confidence U.S. stock markets have shown resilience, climbing steadily during …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends