The Luxembourg Stock Exchange admitted to trading on its regulated market a new bond issue of the Luxembourg State on 21 March 2012.
This issue (ISIN: XS0757376610) was for a total of one billion euros and was mainly subscribed by institutional investors. The bonds have a maturity of 10 years and a fixed annual coupon of 2.25%. They are issued in denominations of one thousand euros each and have a AAA rating from Standard & Poor’s. This is the context of the rating of the Grand Duchy of Luxembourg, one of four sovereign issuers in the euro area that has retained its triple-A rating.
The Luxembourg Stock Exchange has now listed and admitted to trading three loans from the Luxembourg State. The other two were each for amounts of two billion euros and were listed in 2008 and 2010. This represents five billion euros outstanding in terms of amounts issued.