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For the first time in history, the Luxembourg State is issuing a Defence Bond, a government bond designed to contribute to the financing of national defense, while offering tax exemption on interest for individual residents in Luxembourg. (1)
Learn more: Visit the official State website.
A dedicated channel to subscribe to the Defence Bond will be available from January 15, 2026, at 2:00 p.m. (3)
To invest, your investor profile must be completed and up to date.
Log in to your Web Banking to check and update your profile so you’re ready when subscriptions open.
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Learn more(1) The information on this webpage does not constitute investment advice or recommendations. This page does not aim to provide an exhaustive description of the investment services concerned, nor of certain related risks. Investment decisions should not be based solely on this document and should only be made after careful analysis of the characteristics and risks (as described in the Investor Panorama) and after obtaining all necessary information. BGL BNP Paribas recommends consulting professional advisors, including tax advisors, if needed. BGL BNP Paribas S.A., headquartered at 60, avenue J.F. Kennedy, L-1855 Luxembourg, as a credit institution, is subject to regulation and supervision by the Commission de Surveillance du Secteur Financier (CSSF), 283, route d’Arlon, L-1150 Luxembourg. All investments carry a risk of capital loss. Tax treatment depends on each investor’s personal situation and may change in the future.
(2) Subject to the envelope allocated by the State and the issuance limit set by the State.
(3) No instructions or reservations can be accepted before the official opening of the subscription period. The final characteristics of the bond, including its risks and benefits, will be specified later.
