By Laura Contemori – ROME (Econostream) – The State Treasury of the Republic of Finland on Tuesday raised €1.486 billion through the auction of two benchmark bonds (RFGBs) maturing in 2036 and 2041.

It allotted €866 million of the 3.35% RFGB due September 15, 2036 and €620 million of the 3.55% RFGB due April 15, 2041.

Demand for the 2036 bond totaled €1.101 billion, resulting in a bid-to-cover ratio of 1.27. The bond was allotted at an accepted price of 99.530, corresponding to a yield of 3.406%.

The 2041 bond attracted €921 million of bids with a bid-to-cover ratio of 1.49. It was allotted at a price of 98.120, corresponding to a yield of 3.716%.

Settlement for both bonds was scheduled for June 11, 2026.

Following the auction, the outstanding amount of the September 2036 bond increased to €4.866 billion, while the outstanding amount of the April 2041 bond rose to €4.946 billion.