Austria to Issue €43–47bn in RAGBs in 2026, Keeps Three Syndications

4 December 2025

By Marta Vilar – MADRID (Econostream) – Austria’s federal financing agency (OeBFA) plans to issue €43–47 billion in Austrian government bonds (RAGB) and €2–4 billion in short-term instruments next year, according to its 2026 Funding Outlook, issued Thursday.

For comparison, RAGB issuance in 2025 amounted to €45 billion, with a further €3.4 billion raised via short term debt.

For 2026, the OeBFA will maintain three syndicated RAGB deals, including the launch of a new 10-year benchmark.

Green bond issuance is projected at around €6 billion, an “indicative amount” that will depend on eligible green expenditures from the 2025 executed budget and the expected 2026 budget.

“Up to 20% of Green issuance is intended to be done via Green short-term green funding instruments,” the agency said.

In an interview today with Econostream, OeBFA Managing Director Markus Stix said the syndication of a new green bond remains “one of many options” for 2026.