LUXEMBOURG - FIRST EUROPEAN COUNTRY TO LAUNCH A SUSTAINABILITY BOND FRAMEWORK
Luxembourg has launched its sustainability bond framework, which meets the International Capital Markets Association (ICMA) Green, Social and Sustainability Bonds principles, the standard in the field. [More information]
Le Luxembourg vient de lancer son cadre de référence pour les obligations durables, qui répond aux principes régissant les obligations vertes, sociales et durables de l’International Capital Markets Association (ICMA), le standard en la matière. [Plus de détails]
STATE AGENTS CAN NOW TRANSFER THEIR REMUNERATION TO A BANK ACCOUNT OF THEIR CHOICE
Active and retired State employees will henceforth be able to have their remuneration or pension transferred to the bank account of their choice.
Agents wishing to take advantage of this new option can now provide to the CGPO the details of the new bank account on which to transfer their remuneration or pension.
Active State agents can communicate the new bank account number entirely electronically, on the basis of a strong authentication (Luxtrust) via the portal "myRH".
Retired State agents can initiate the procedure to change bank account by downloading and filling out the form available on the Portail de la Fonction publique, which provides further details on the procedure.
Exceptionally, active State agents as well as retired State agents can request the change of bank account in person at the Guichet.lu reception, located at 11 rue Notre-Dame in Luxembourg. To this end, a prior appointment needs to be booked online. The agent at the reception will be available to submit the request online upon presentation of an ID card and a bank ID (relevé d’identité bancaire - RIB).
The Luxembourg State has issued a EUR 2.5 bn bond at negative interest rate to tackle the Covid-19
The Grand Duchy of Luxembourg has successfully placed a new bond issuance to finance the fight against the Covid-19 pandemic and to support the national economy in overcoming this unprecedented crisis. The EUR 2.5 bn bond issuance consists of a dual tranche offering, which is a premiere for Luxembourg. The first tranche of a EUR 1.5 bn volume has a 5-year maturity and the second tranche of a EUR 1 bn volume has a 10-year maturity. The yield of the two tranches lies at -0,035%. Related press releases and details are available in Publication - Bond issues.
As part of the implementation of Government-adopted measures to contain the spread of Covid-19, the State Treasury, Consignment Office, will remain accessible to public exclusively prior appointment (firstname.lastname@example.org ; tel. 247-82715).
In order to prevent any avoidable physical contact and to limit the risk of contagion, the public is invited to:
- consult the range of services and procedures available remotely;
- consider sending documents electronically or by post, instead of handing them over in person.
The State Treasury in few words
The State Treasury falls under the remit of the Minister of Finance and under the responsibility of the Director of Treasury.
The missions of the State Treasury are vast. It ensures, among other things, the payment of all State expenses and collects on its own all non-tax receipts, which are assigned by the Minister having the budget under his remit. Furthermore, it oversees the State's budgetary and general accounting and manages the State's financial assets and commitments. The State Treasury also runs the Consignment Office.
On the State Treasury website, you will find information concerning statistics on the public debt of the Luxembourg State (evolution, characteristics, etc.), on State shareholdings, as well as on financial guarantees granted by the State to several institutions.