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BOE-A-2026-4949 ·2 March 2026 ·Resolution Low impact
Tax

Investors: Government Bond and Treasury Bill auctions on 5 March 2026

The General Directorate of the Treasury and Financial Policy has announced the public debt auction for 5 March 2026. Available issuances include three-year Bonds (2.35%), seven-year Treasury Bills (3.00%), ten-year inflation-indexed Treasury Bills (1.15%), and fifteen-year Treasury Bills (3.50%) (section 2). The resolution complies with the annual auction calendar and the framework of Order ECM/2/2026.

In 3 key points

  1. Debt auctions scheduled for 5 March 2026 (section 1). (apartado 1)
  2. Issuance of 3-year Bonds with a 2.35% interest rate and maturity on 31/03/2029 (section 2.1). (apartado 2.1)
  3. Issuance of 15-year Treasury Bills with a 3.50% interest rate and maturity on 31/01/2041 (section 2.1). (apartado 2.1)

How it affects those involved

For investors and financial institutions, the resolution defines the technical characteristics and interest rates for the new debt issuances (section 2). It enables participation in tranches with different maturities and risk profiles, including inflation-indexed debt (section 2.1). The market is provided with price-yield equivalence tables for bid valuation (section 2).

Lifecycle

2026-03-02PublishedPublished 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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