šŸŒ“ Canary Islands Government Announcements

Canary Islands Government Issues 12-Year Bonds to Refinance 2025 Debts

Published: June 12, 2025|economy-and-business|Gobierno de Canarias

Canary Islands Government Bonds Issue

Overview

The Canary Islands government has announced the issuance of 50 million euros in private bonds to cover upcoming debt maturities and refinance previous financial obligations.

  • The bonds will have a 12-year maturity.
  • Issuance date: June 16, 2025.
  • Maturity date: June 2037.

Purpose

This move aims to:

  • Manage the regionā€™s long-term debt more effectively.
  • Align with Spainā€™s broader efforts to stabilize public finances.

Bond Details

  • Fixed annual interest rate: 3.35%.
  • Trading platform: AIAF Fixed Income Market.
  • Market access and transparency are ensured.
  • Banco Bilbao Vizcaya Argentaria (BBVA) will act as the lead issuer, managing the placement process.

Strategic Significance

"This operation aligns the Canary Islandsā€™ financial strategy with national standards, benefiting from the same conditions as Spainā€™s public debt."

  • Reflects the regionā€™s proactive approach to borrowing.
  • Helps secure stable financing for public projects.
  • Spreads repayment over a longer period.

Benefits for Residents and Expats

  • Maintains financial stability.
  • Ensures continued investment in public services.