Luxembourg's Ministry of Finance has confirmed that the State Treasury has taken advantage of the favourable state liquidity situation at the end of the year and has initiated the repayment of €467 million of loans, including €350 million under treasury certificates (TC) issued in June 2020.
Therefore, the two treasury certificates issued in 2020 will have been reimbursed, as planned, before the end of the year.
These financial instruments had been put in place as a precaution, to expand the liquidity cushion of the State Treasury in the context of the current COVID-19 pandemic. They were issued with a negative interest rate of -0.19% and -0.28% respectively.
