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MNI: EU Defence Bond Approval To Pave Way For Summer Issuance

The EU is moving towards approving a EUR150 billion plan for defence loans.

MNI (BRUSSELS) - The European Commission is set to formalise its EUR150 billion SAFE programme to provide loans to pay for a boost to defence spending on Wednesday, with member states’ approval likely in April and May, paving the way for bond issuance to begin by as early as the summer, European Union officials told MNI.

Not all the EUR150 billion will necessarily be funded on bond markets, and money under the Security Action For Europe programme will not be pre-allocated to countries, as was the case with the NextGenerationEU post-Covid scheme, but disbursed on a "first come first serve" basis, they said.

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MNI (BRUSSELS) - The European Commission is set to formalise its EUR150 billion SAFE programme to provide loans to pay for a boost to defence spending on Wednesday, with member states’ approval likely in April and May, paving the way for bond issuance to begin by as early as the summer, European Union officials told MNI.

Not all the EUR150 billion will necessarily be funded on bond markets, and money under the Security Action For Europe programme will not be pre-allocated to countries, as was the case with the NextGenerationEU post-Covid scheme, but disbursed on a "first come first serve" basis, they said.

Keep reading...Show less