Issuance of public debt by the Autonomous Community of the Canary Islands eligible for the implementation of the Reserve for Investments in the Canary Islands (RIC)

Today, the Official Gazette of the Canary Islands published the Order of 30 October 2025, which provides for the issuance of Public Debt Bonds of the Autonomous Community of the Canary Islands suitable for materialising the allocations to the Reserve for Investments in the Canary Islands in 2025, and establishes its characteristics.

The maximum amount of the issue is €100,000,000 and the subscription period will be from 8 a.m. on Thursday 13 November to 2 p.m. on Wednesday 19 November. Subscription applications will not be accepted after that date and time.

The main characteristics of this issue are:

Applications for amounts exceeding the minimum of €1,000.00 must be made in whole multiples of that figure. The total sum for all applications made by the same subscriber may not exceed €6,000,000.00.

If, as is expected, the total amount of applications exceeds €100,000,000, a pro rata allocation will be made, with individual subscription applications taking precedence over those made under joint ownership.

A minimum allocation of €80,000.00, or the amount requested if lower, is initially established, provided that the nominal volume of the issue allows it; otherwise, pro rata allocation will be applied.

The Autonomous Community of the Canary Islands will offer an annual liquidity window on the coupon payment dates, through the repurchase of securities, in order to provide liquidity to the instrument.

Finally, we remind you that RIC allocations may be converted into public debt, with a limit of 50 per cent of the allocation made in each financial year.

We remain at your disposal for any clarification you may require regarding the content of this communication.