The Republic of San Marino issues government bonds. Relevant information on these issuances is available and regularly updated in this section.
The issuance of government bonds by the Republic of San Marino is authorised within the annual limit established in the State Budget, which is approved each year by the Great and General Council pursuant to Article 18 of Law No. 30 of 18 February 1998, or, where applicable, in any budget adjustment law pursuant to Article 25 of the same Law.
The terms and conditions of each government bond issuance are set out in specific Regulations adopted by the Congress of State pursuant to Article 4 of Law No. 30 of 13 November 2025, as subsequently amended.
Government bonds are issued pursuant to Article 3 of Law No. 158 of 22 December 2025, “Budgets of the State and Public Entities for the 2026 Financial Year and Multi-Annual Budgets for 2026–2028”.
Three government bond issuances, for a total amount of EUR 450,000,000 (four hundred and fifty million euros), are planned for 2026 to refinance government bonds previously issued and placed on the domestic market for EUR 100,000,000 (one hundred million euros) and on the international market for EUR 350,000,000 (three hundred and fifty million euros).
The terms, maturity and redemption arrangements of each issuance are set out in specific Regulations adopted by the Congress of State pursuant to Article 4 of Law No. 142 of 13 November 2025, as subsequently amended.
This section provides information on government bond issues placed on the domestic market by the Republic of San Marino, as authorised by the Congress of State, including:
Issue date;
Regulatory framework;
ISIN;
Currency;
Principal amount;
Outstanding principal amount;
Maturity date;
Interest rate.
This section provides information on government bond issues placed on the international financial markets by the Republic of San Marino, as authorised by the Congress of State, including:
Issue date;
Regulatory framework;
ISIN;
Currency;
Principal amount;
Outstanding principal amount;
Maturity date;
Interest rate;
In-depth information, including press releases and other related materials.
