MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: US JUN PERSONAL INCOME +0.2%; NOM PCE +0.3%

Monthly Retail Sales Volatility Obscures Still-Positive 3m/3m Trend

Retail Sales Grow Slightly In June, Consistent With Surveys

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

More details on NextGenEU funding plans

EUROZONE ISSUANCE
  • Ceiling for NextGenEU is E750bln in 2018 prices (around E800bln in current prices).
  • Borrowing will take place between mid-2021 and 2026 and amount to roughly E150bln per year.
  • 30% of borrowing will be through Green bonds.
  • The EU will publish annual funding plans with more detailed 6-monthly updates which will include:
    • Auction schedules for bills and bonds
    • Target amounts to be financed by bonds.
    • Expected number and aggregate volumes of likely syndications.
  • Primarily bonds will be issued at benchmark maturities: 3, 5, 7, 10, 15, 20, 25 and 30 years.
  • "A progressive approach will be applied in order to ensure the optimal balance between syndications and auctions over time, taking into account market participants' reactions."
  • "The Commission will start to apply its new funding strategy with the first issuances under NextGenerationEU, which will start as soon as the Own Resources Decision is approved, expected by summer-2021. The funding strategy would need to be adapted in the years to come to take into account the reactions of the financial market community."
  • For more see the full document here.
BulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.