Danmarks Nationalbank has announced that it will issue €4 billion worth of EU green bonds on behalf of the European Commission this month, as part of the NextGenerationEU recovery programme.
According to the central bank, the syndicated transaction will be carried out in mid-September, subject to market conditions. The proceeds will finance climate-related investments and sustainable projects across the EU, continuing the bloc’s strategy of funding recovery and green transition efforts through joint debt issuance.
Nationalbanken underlined that this is the first sovereign green bond fully aligned with the EU’s new Green Bond Standard, introduced to ensure credibility and transparency in sustainable finance. The standard sets strict requirements for how proceeds are used and how projects are reported, designed to strengthen investor confidence in Europe’s green capital markets.
The upcoming deal is part of the EU’s broader plan to raise up to €800 billion in capital markets by 2026, with roughly 30 percent earmarked for green spending. Denmark’s central bank acts as fiscal agent for the European Commission, handling issuance and settlement in cooperation with other member states.
Nationalbanken added that EU bonds have established themselves as a liquid and reliable asset class, supported by strong demand from institutional investors. Previous green bond tranches have been oversubscribed, reflecting appetite for sustainable assets in European and global markets.
Source: Danmarks Nationalbank, “EU Green Bond”, 3 September 2025.
