Regulatory Alerts2023-01-19
Order ETD/37/2023 of 17 January establishing State Debt for 2023 and January 2024
The Ministry of Economic Affairs and Digital Transformation issues Order ETD/37/2023 to authorize the creation of State Debt for 2023 and January 2024, limiting the net increase to approximately 96 million euros. The Order defines the issuance modalities, including Treasury Bills, Bonds, and Debentures, and mandates the adoption of standardized Collective Action Clauses in compliance with the European Stability Mechanism Treaty. It further regulates the auction procedures, market maker roles, and early redemption mechanisms to ensure efficient public debt management and financial transparency.
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