LuxCSD Supports Covered Bond Issuance by Spuerkeess
LuxCSD has supported the successful issuance of a new green covered bond by Banque et Caisse d’Épargne de l’État, Luxembourg (Spuerkeess) under its EUR 7.5 billion Luxembourg Mortgage Covered Bond Programme.
On October 7, 2026, Spuerkeess issued a EUR 500 million green covered bond with a maturity of seven years and a coupon of 3.875 percent fixed per annum. This marks the first issuance of a covered bond by a universal bank under Luxembourg's new covered bond legislation.
Managed by LuxCSD as Issuer CSD, the transaction was settled in central bank money via TARGET Services, ensuring efficient and secure settlement throughout the transaction lifecycle.
The transaction highlights the continued role of LuxCSD in supporting Luxembourg issuers and fostering the development of Luxembourg’s capital markets ecosystem.