On Monday 16 March 2026, Luxembourg’s Ministry of Finance reported that the State Treasury had successfully placed a €2.5 billion bond issue to “strengthen its liquidity buffer”.
According to the ministry, the bond has a maturity period of ten years and a coupon of 3.125%.
The ministry said that following this issue, public debt will amount to approximately €26.6 billion, representing 28.4% of GDP. The subscription book, opened at approximately 09:30 on Monday 16 March, was closed at 11:45.
The ministry said that the markets had reacted positively, with demand exceeding supply. Barclays, BGL BNP Paribas, Citi, Société Générale and Spuerkeess acted as joint lead managers and the bond will be listed on the Luxembourg Stock Exchange.
The ministry remarked: “This strong investor interest underlines Luxembourg’s attractiveness as a sovereign issuer benefiting from a AAA rating.”
It added: “The investors, all of high quality, are primarily European institutional actors, including banks, asset managers, insurance companies and European institutions.”
