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During the Covid-19 pandemic, the Next Generation EU (NGEU) programme was the EU’s initial response to the economic challenges of the pandemic. Later, the two NGEU support facilities responsible for funding investments – the Recovery and Resilience Facility and REPowerEU – became the principal funding sources for the EU instrument set up to aid in the transition to climate neutrality, the Green Deal Industrial Plan.

The result of the auction of 7 May 2024 for the 3-months Bills of the ESM was as follows:
Total Bids € 2,634.00 mn
Competitive bids € 994.00 mn
Non-competitive bids € 1,640.00 mn
Allotment / Issue volume € 1,075.00 mn

Call for Papers 

European Stability Mechanism
Bank for International Settlements
Collegio Carlo Alberto
European University Institute
HEC Montréal  

Conference 
26 - 27 September 2024
Venue: European Stability Mechanism, Luxembourg 

(Luxembourg/Brussels) — The European Stability Mechanism (ESM) and the European Parliament signed on 7 May a Memorandum of Cooperation (MoC) to establish a framework of cooperation between the two institutions.

The European Stability Mechanism (ESM) will launch 3-months Bills of the European Stability Mechanism (ESM) by auction. An issue volume up to EUR 1.1 billion is envisaged.

Time schedule of the auction procedure:
Date of invitation to bid: Monday, 6 May 2024
Bidding period: Tuesday, 7 May 2024, from 8:00 a.m. until 12:30 p.m. CET
Value date: Thursday, 9 May 2024