BME to settle the first NextGenerationEU bond auction
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BME to settle the first NextGenerationEU bond auction 18 January 2024Europe Reporter: Jack McRae
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Bolsas y Mercados Españoles (BME) has announced it will settle the first NextGenerationEU (NGEU) bond auction. The European Commission says the bond auction will have a volume of up to €1.5 billion.
The European Central Bank is acting as the paying agent for the auction and the National Bank of Belgium will be the issuing central securities depository and settlement agent through the EU issuance service.
The NGEU programme was implemented to finance recovery initiatives and facilitate green and digital transition of the EU economy.
Iberclear, BME’s subsidiary, is responsible for launching its NextGenerationEU cross-border securities settlement and custody services.
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Image: Savvapanf Photo 