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BOE-A-2026-316 ·5 January 2026 ·Resolution Low impact
Tax

Public Treasury: Call for auctions of State Bonds and Obligations for 8 January 2026

The General Directorate of the Treasury and Financial Policy has authorised the issuance of public debt in euros for January 2026. Auctions are being called for five-year State Bonds, and seven, ten-year (indexed to the harmonised HICP), and twenty-year Obligations, in accordance with the framework of Order ECM/3/2025 (Arts. 1 and 2). Interest rate characteristics and maturities remain consistent with previous resolutions to ensure the continuity of market benchmarks (Art. 2.1).

In 3 key points

  1. Auctions scheduled for 8 January 2026, Art. 1 (art. 1)
  2. Issuance of five-year Bonds maturing on 31 January 2030, Art. 2.1 (art. 2.1)
  3. Issuance of twenty-year Obligations maturing on 30 July 2043, Art. 2.1 (art. 2.1)

How it affects those involved

For investors and financial institutions, this resolution establishes the technical conditions and expected yields for the acquisition of public debt in the auctions on 8 January 2026. Participants are provided with price-yield equivalence tables for the ten and twenty-year issuances to facilitate bid valuation (Art. 2). The Treasury aims to meet investor demand by expanding upon previously conducted issuances.

Lifecycle

2026-01-05PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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