Over five years, the European Union plans to gather almost a trillion dollars of debt while seeking to finance recovery from the Corona virus.
According to Arab Net, the bloc aims to issue the first religion in stimulating what NextGenerationu is known in June and will use a recent platform to start selling bonds and treasury permits across a network of major dealers by September, according to the draft of the plan in Bloomberg, and Arabic.
This comes, while the plan is to represent green bonds about a third of the total amount of versions, which is about 806 billion euros ($ 962 billion), where a set of standards and rules will be released in early summer.
The document came that UNHCR would need to implement funding of up to 150-200 billion euros per year until 2026, to begin the plan in June, according to the announcement that is expected to be detected on Wednesday.
The document highlights the ambition of the first meaningful entry of the European Union in bond markets, which will see the closure of existing bonds compared to Spain's ambition. It also sets the foundation to challenge US treasury bonds in the coming years, providing a batch of integration in the region and its common work.
Bonds will be issued and sold regularly across a group of maturity ranges from 3 years and 30 years, while there will also be short-term bonds, according to the document. The latter highlighted as a quick way to raise funds, at least in the first phase of the program.
Investors are likely to be keen. Where the European Union began to sell social bonds associated with funding last year's functions program. These sales have broken global demand records. While the European Union will begin in debt by the auction for the first time, as well as joint bank loans. According to the document, the new platform will be provided by a national central bank already used by an adult sudden exporter.
