BOE-A-2026-1547 ·22 January 2026 ·orden Low impact
Tax

Issuance of 10-year Government Bonds: 3.30% interest rate and €15 billion amount set

This Order publishes the final results and characteristics of the first tranche of ten-year Government Bonds denominated in euros, carried out via syndication (Art. 1). The issuance has an allocated nominal amount of €15 billion and an annual nominal interest rate of 3.30% (Art. 1.a and 1.b). The process is part of the State Debt creation framework for 2026 and 2027 (Art. 3).

In 3 key points

  1. Allocated nominal amount of €15 billion, Art. 1.c (art. 1.c)
  2. Annual nominal interest rate of 3.30%, Art. 1.b (art. 1.b)
  3. Administration, underwriting, and placement fees of 0.175%, Art. 3 (art. 3)

How it affects those involved

For the financial institutions part of the underwriting syndicate, the regulation establishes an administration, underwriting, and placement fee of 0.175% of the allocated nominal amount (Art. 3). For the Public Treasury, the issuance of €15 billion in debt is formalised with an issue date of 27 January 2026 (Art. 1.a and 1.c).

Lifecycle

2026-01-22PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.
PDF on boe.es

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