The Luxembourg State Treasury has confirmed that it repaid a €1 billion bond loan on Monday 21 March 2022.
The State Treasury repaid the bond loan issued on 21 March 2012 for an amount of €1 billion, with a rate of 2.25%, on its due date (i.e. 21 March 2022).
Given the current state liquidity situation, this loan could be repaid without the immediate issue of a new loan. The net level of public debt therefore fell by €1 billion, settling temporarily at a level of around €17 billion, or around 24% of gross domestic product (GDP).
Moreover, the Luxembourg State will now save €22.5 million per year in interest related to the maturing loan.
