On Thursday it expects to place between 5,750 and 7,250 million euros in an auction of government bonds and obligations
MADRID, 5 Sep. (EUROPA PRESS) –
The Public Treasury has placed 4,940.97 million euros in short-term debt this Tuesday, in the expected medium-high range, and has done so by offering higher returns on 6-month bills, but cutting interest on bills at 12 months, according to data published by the Bank of Spain.
The improvement in the interest rates offered, in line with the latest increases in interest rates by the ECB, has maintained the markets’ investment appetite for Spanish securities, although the joint demand for both references has not reached the point of doubling what was awarded. , by achieving requests of 8,987.86 million euros.
Specifically, the Treasury has placed 1,124.54 million euros in six-month bills, compared to a demand of 2,774.83 million euros, and has offered a marginal profitability of 3.679%, slightly above the 3.665% of the issue. previous and reaching its highest level since July 2012.
In the twelve-month bill auction, the agency under the Ministry of Economic Affairs has awarded 3,816.43 million euros, with requests for 6,213.03 million from investors, and the marginal interest has been placed at 3.680%. , below the previous 3.682%.
But today’s will not be the only bid this week. Next Thursday, the Treasury will issue State bonds and obligations, an auction in which it plans to raise between 5,750 and 7,250 million euros.
At that auction on Thursday, it will offer investors 10-year and 30-year bonds, other bonds with a residual life of three years and two months; and others indexed to inflation that mature in 2030 (residual life of seven years and three months).
Specifically, for obligations maturing in October 2026, the coupon is 1.3%; for those of November 2030 of 1%; for those of October 2033 of 3.55% and for those of 2052 of 1.90%.
These first issues of September will be followed by another on the 12th, with bills for three and nine months, and another on the 21st, with government bonds and obligations.
As recently reported by the Ministry of Economic Affairs and Digital Transformation, the Public Treasury has already covered 73% of all medium and long-term financing planned for 2023, while the average cost of public debt remains in the environment of 2%.
The gross issuance by the Public Treasury will be 256,930 million euros this year, which represents an increase of 8.2% compared to what is estimated for 2022, due to the rise in interest rates.
For its part, the net debt of the Public Treasury in 2023 will remain at 70,000 million. Breaking down by type of instrument, it is expected that the Treasury Bills will provide negative net financing of 5,000 million, so the State bonds and obligations, along with the rest of the debts in euros and in foreign currencies, will contribute the remaining 75,000 million.
