The Official Gazette of the Canary Islands publishes today the order providing for the issuance of public debt bonds of the Autonomous Community of the Canary Islands eligible to materialize the allocations to the Reserve for Investments in the Canary Islands (RIC) in 2026 for an amount of 100 million euros. This type of investment allows companies and the self-employed to pay less tax on Corporate Tax or Personal Income Tax.
The modality of this issuance will be five-year bonds with a fixed annual nominal 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 environmental improvement and protection in the Canary Islands territory, or in rehabilitation of protected housing intended for rent to individuals registered in the Public Registry of Protected Housing Demanders of the Canary Islands.
The period for the public offering of subscription of securities will be from November 5 to 11. The placing entities will not accept subscription requests after 2:00 PM on the last day indicated. The date of issuance and disbursement will be November 25, 2026. Previously, the result of the placement of the issue will be made public.
The minimum amount for subscription requests by the same subscriber will be 1,000 euros and higher amounts must be made in whole multiples of this figure. The maximum amount of the request is set at 5 million euros.
All requests that comply with the provision of minimum allocation of 50,000 euros or less will be attended to. For the rest, in the event that the total number of requests exceeds the amount offered, the pro-rata procedure will be followed.
Any natural or legal person may participate in this offer by submitting the corresponding application through the following placing entities for public debt 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, 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 characteristics of the issuance will be available at the placing entities and on the website of the Ministry of Finance and Relations with the European Union.
The Government of the Canary Islands, through the Directorate General of the Treasury and Financial Policy, already subscribed an issuance of these characteristics in 2024 for 150 million euros and for 100 million euros in 2025.
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