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BOE-A-2026-668 ·12 January 2026 ·Resolution Low impact
Administrative

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

The General Directorate of the Treasury and Financial Policy has authorised the issuance of public debt in euros for January 2026 (art. 1). Auctions are called for three-year State Bonds with an interest rate of 2.35% (art. 2.1) and new benchmarks for State Obligations with fifteen and fifty-year maturities (art. 2). The process complies with the framework of Order ECM/3/2025 and the established ordinary auction calendar.

In 2 key points

  1. Three-year State Bonds with an annual nominal interest rate of 2.35% (art. 2.1) (art. 2.1)
  2. State Obligation auctions scheduled for 15 January (art. 2) (art. 2)

How it affects those involved

For investors and financial institutions, the resolution defines the technical characteristics and yields of the new debt issuances (art. 2). Participants in the 15 January auctions will have access to price-yield equivalence tables for the 15 and 50-year Obligations (art. 2). The issuance of three-year Bonds will be conducted via the segregable bonds modality due to the volume in circulation (art. 2).

Lifecycle

2026-01-12PublishedPublished 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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