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BOE-A-2026-18986 ·10 September 2026 ·orden not-relevant
Tax

Issuance of 20-year Government Bonds: terms set for €4 billion debt issue

This Order publishes the results of the first tranche issuance of a new 20-year Government Bond benchmark, part of the sovereign green bond programme (Art. 1). The issuance has an allocated nominal amount of €4 billion and an annual nominal interest rate of 4.25% (Art. 1.a, 1.b). The issue date is set for 15 September 2026 (Art. 1.a).

In 3 key points

  1. Allocated nominal amount of €4 billion with an annual nominal interest rate of 4.25% (art. 1.b y 1.c)
  2. Administration, underwriting, and placement fees of 0.205% of the allocated nominal amount (art. 3)
  3. Issue date set for 15 September 2026 (art. 1.a)

How it affects those involved

For the financial institutions within the successful syndicate, the regulation establishes the issuance conditions and the obligation to report the distribution of the nominal amount before 15:00 on 14 September 2026 (Art. 4). Additionally, an administration, underwriting, and placement fee of 0.205% of the allocated nominal amount is set (Art. 3). Green bond investors see the sovereign debt offering strengthened under the Green Bond Framework updated in September 2026.

Lifecycle

2026-09-10PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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