#ECOT2607714AOrder of April 14, 2026, on the Creation of 3.80% Treasury Bonds Due June 25, 2037, in Euros
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law establishes a new series of treasury bonds with a 3.80% interest rate due for repayment on June 25, 2037. Investors will receive annual interest payments on June 25th each year, starting in 2026. The initial investment is taxed according to applicable laws, and the government is restricted from early redemption of these bonds, reserving the right to buy or exchange them on the market.
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Key Changes
- Introduction of a new treasury bond series with 3.80% interest
- Annual interest payments on June 25th starting from 2026
- No early redemption by the government, but market buybacks and exchanges allowed
Obligations
What this law requires
The government must not redeem the Treasury bonds before their maturity date of June 25, 2037.
Investors must receive annual interest payments on June 25th each year, starting from June 25, 2026.
Interest payments and bond reimbursements must be made after deducting applicable taxes from the investors' returns.
The nominal value of the bonds is set at 1 euro, and they must be redeemed at this value.