EU considers $1tn debt plan that will ‘transform’ Europe ...Qatar

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EU considers $1tn debt plan that will ‘transform’ Europe
The European Union is testing investors’ appetite to fund nearly $1tn of debt over five years as it seeks to finance its recovery from the coronavirus pandemic. The bloc opened books on debut 10-year bonds as part of its NextGenerationEU (NGEU) programme, which will finance grants and loans to member states. European Central Bank president Christine Lagarde said in an interview published yesterday the NGEU stimulus will “transform the future of Europe.” The bonds are being offered with initial price thoughts inside the EU’s existing debt curve, according to data compiled by Bloomberg, and is likely to price today. Commerzbank strategists expect the size of the sale to exceed €10bn ($12bn).

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