The State of the Republic of San Marino issues government bonds. The relevant information is available and constantly updated in this section.
The issue of government bonds of the Republic of San Marino is authorised within the annual limit set in the State Budget, approved each year by the Great and General Council, pursuant to Article 18 of Law no. 30 of 18 February 1998, or in any budget adjustment law, pursuant to Article 25 of the same Law.
The characteristics of each issue of government bonds are defined by special delegated decrees, which regulate each issue.
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 issues of government bonds totalling EUR 450,000,000 (four hundred and fifty million euros) are planned for 2026, to roll over government bonds 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 characteristics, duration and redemption terms of the issues are defined by specific Regulations adopted by the Congress of State pursuant to Article 4 of Law no. 142 of 13 November 2025 and subsequent amendments.
This section provides information on the issues of government bonds placed on the domestic market, promoted by the Congress of State:
This section provides information on the issues of government bonds placed on international markets, promoted by the Congress of State: Issue year; Regulatory framework; ISIN; Principal; Maturity; Interest rate; Press releases and other news.
