GRAND DUCHY OF LUXEMBOURG EUR 1.25bn 2.875% 10-year (Mar-34) Benchmark

On Wednesday, 21 February 2024, the Grand Duchy of Luxembourg – rated Aaa/AAA/AAA (all stable) – returned to the Euro debt capital markets for the first time in 2024 with a new €1.25 billion 10-year benchmark. The transaction was priced with a final spread of +51.4 bps over the 2.200% reference Bund due February 2034, equivalent to a final yield of 2.906% and reoffer price of 99.734%.