Funding plan

The Luxembourg State Treasury announces its indicative Funding Plan for 2026

Over the course of the year, the State Treasury expects to issue 3 to 6 billion euros in Luxembourg Government Bonds through 2 to 3 syndicated transactions, tentatively planned for Q1 and Q4 2026, one of which could be issued using Distributed Ledger Technology. The maturity is still to be decided but is likely to be 10 or 15 years. 

In addition to its institutional issuances, the State Treasury examines the opportunity to launch a Housing Bond aimed at the retail investor market later in the year. This initiative follows the successful issuance of the inaugural Defence Bond, which reached a total subscription amount of 150 million euros in February 2026 in less than 24 hours.

Bob Kieffer, Director of the Treasury, said:

“The 2026 funding strategy reflects the Government's commitment to responsible fiscal management and long‑term financial stability. By broadening our financing instruments and strengthening engagement with both institutional and retail investors, we continue to support the country’s strategic priorities while ensuring transparent and sustainable access to financial markets”.