The Vice President and Minister of Economy, Industry, Trade, and Self-Employed, Manuel Domínguez, and the Minister of Finance and Relations with the European Union, Matilde Asián, announced today the issuance of 100 million euros in public debt eligible for funding from the Canary Islands Investment Reserve (RIC).
Manuel Domínguez highlighted the autonomous community's financial health and the opportunity this second issuance of public debt represents for entrepreneurs and small savers to materialize the RIC. "The previous issuance of 150 million was a complete success and we are sure this one will also meet expectations because there is subscriber demand for this type of operation," he stated.
For her part, Matilde Asián referred to the **financial and fiscal profitability** that this issuance represents for subscribers, especially liberal professionals and small and medium-sized enterprises. "In addition, of course, to meaning a saving in financing costs for the autonomous community."
The modality of this issuance will be five-year bonds with a nominal annual fixed interest rate of 0.2 percent. As established by the authorization, the Government of the Canary Islands will allocate the issuance to finance investments in infrastructure and equipment, or in the improvement and protection of the environment in the Canary Islands.
The subscription period for the public offering of securities opens this Thursday, November 13 at 8:00 AM and closes on Wednesday, November 19 at 2:00 PM (Canary Islands time). The placing entities will not accept subscription requests after the indicated time. The issuance and disbursement date will be December 4, 2025, and the results of this issuance placement will be made public beforehand
Subscribers, minimum and maximum amount
Any natural or legal person may participate in this offer by submitting the corresponding application through the following public debt placement entities of the Autonomous Community of the Canary Islands authorized by the Directorate General of the Treasury and Financial Policy: Arquia Bank, Banca March, Banco Bilbao Vizcaya Argentaria, Banco Cooperativo Español (Cajasiete), Banco Santander, Bankinter, Banco Inversis (Cajamar), Caixabank, CBNK Banco de Colectivos Kutxabank Investment, S.V. and Renta 4 Banco.
The prospectus and the issue's characteristics are available from the placing entities and on the website of the Ministry of Finance and Relations with the European Union.
The minimum amount for subscription applications submitted by the same subscriber will be 1,000 euros, and amounts above this must be submitted in whole multiples of this figure. Furthermore, a maximum application amount of 6 million euros has been established.
In order to favor a broad distribution of the issue's nominal value, it is anticipated that all requests conforming to the minimum allocation forecast of 80,000 euros or less may be favorably and fully met. Otherwise, the pro-rata procedure will be followed
Canary Islands, the least indebted community per inhabitant
Canary Islands is the autonomous community with the lowest public debt ratio per inhabitant at the close of the 2024 fiscal year, with 2,923.9 euros compared to the Spanish average of 6,907.1 euros for the rest of the communities. Furthermore, as of September 19, 2025, the rating agency Standard & Poor’s (S&P) has raised the long-term credit rating of the Autonomous Community of the Canary Islands from ‘A’ to ‘A+’. This upgrade is a consequence of the also improved credit rating of Spain, which acts as a ceiling for the rating of the Canary autonomous community.
From March 2022 to the present, S&P has consistently maintained its stable outlook for the Canary Islands. The rating agency reiterates the archipelago's solid budgetary performance, low and decreasing debt burden, and liquidity position as reasons for this upgrade in the regional credit rating.
