Since September 2021, the Commission has been using auctions, in addition to syndications, to raise funds on capital markets. The Commission is auctioning both its EU-Bills and its EU-Bonds.
The Commission is using the auction platform TELSAT by Banque de France to carry out its auctions.
Structure of the auction programme
EU-Bills
The Commission is issuing EU-Bills exclusively via auctions. The EU-Bills programme currently has the following parameters:
- The Commission issues EU-Bills using 3-month and 6-month tenors following a pattern of two bill auctions per month.
- As previously, new 6-month lines will be issued during the first auction of the month, while the second auction of the month will be used to tap already outstanding issuances..
EU-Bonds
In the first half of 2024, the Commission will continue to auction EU-Bonds:
- Between January and end-June 2024 the Commission plans to execute 7 bond auctions.
- Bond auctions can be single- or multi-bond auctions and will be used to tap existing bonds or to issue new bonds.
Auction calendar
See below the auction calendar for the first half of 2024, based on the latest funding plan.
EU-Bonds auction dates:
| Week 2 | Monday 8 January |
| Week 6 | Monday 5 February |
| Week 10 | Monday 4 March |
| Week 15 | Monday 8 April |
| Week 18 | Monday 29 April |
| Week 22 | Monday 27 May |
| Week 26 | Monday 24 June |
EU-Bills auction dates:
| Wednesday 17 January (tap 3m, new 6m) |
| Wednesday 24 January (tap 3m, tap 6m) |
| Wednesday 7 February (tap 3m, new 6m) |
| Wednesday 21 February (tap 3m, tap 6m) |
| Wednesday 6 March (tap 3m, new 6m) |
| Wednesday 20 March (tap 3m, tap 6m) |
| Wednesday 3 April (tap 3m, new 6m) |
| Wednesday 17 April (tap 3m, tap 6m) |
| Wednesday 8 May (tap 3m, new 6m)) |
| Wednesday 22 May (tap 3m, tap 6m) |
| Wednesday 5 June (tap 3m, new 6m)) |
| Wednesday 19 June (tap 3m, tap 6m) |
*The calendar information is indicative and transactions might be cancelled or additional transactions may be executed.
Latest news
Past auctions
Transactions data
The Commission started issuing NextGenerationEU EU-Bonds and EU-Bills via auctions in September 2021. For an overview of the transactions completed to date, click here.