HE public treasury It was published 5,000 million euros in a new 15-year syndicated bond It expires on July 30, 2039. More than 30,000 million euros in demandReflecting “investor confidence” in the Spanish economy, sources from the Ministry of Economic Affairs and Digital Transformation informed Europa Press.
The Treasury has commissioned Deutsche Bank, JP Morgan, Morgan Stanley, Nomura, Santander and Société Générale to organize this second syndicated issue of 2023, which recorded more than €30,000 million in claims.
“about high demand“The Department, headed by Nadia Calviño, once again demonstrates the confidence of investors in the Spanish economy, in line with what has been received by other European countries over the long term.”
The Treasury realized the second largest issuance in the history of the institution by issuing 13 million euros with a demand of 86 billion 133 million euros in the first syndicated issue of this year with a maturity of 10 years, which was due in April 2033, and is 6.6 times more subscription than the published one.
In 2022, the Treasury applied for a total of four syndication issuance transactions.. Specifically, in January it launched the first of the year (for ten years) when it raised 10,000 million euros. In February (30 years old) it seized 7,000m euros; It issued 8,000 million in June (10 years) and placed 5,000 million in a 20-year syndicated bond with more than 40,000 million requests in September.
The Secretary General of the Treasury, in this month’s presentation of the 2023 Treasury Financing Strategy, carlos bodyHe argued that the institution would once again resort to bank syndications for the regulation of certain references to its State Obligations.
Regarding the regular issuance of Treasury domestic debt securities, Ordinary Auction of 48 Bonds and Bonds and Government Borrowings.
3,000 million green bonds
Public institution is also waiting for placement in the vicinity ‘green’ bonds of 3,000 million euros in 2023 Spain has so far issued 8,200 million Euros of ‘green’ bonds to the market and plans to circulate around 20,000 million Euros.
Gross issuance of the Treasury next year will be 256,930 million euros, an increase of 8.2% from this year’s forecast due to the increase in interest rates.
on his behalf In 2023, the Treasury’s net indebtedness will remain at 70,000 million. By instrument types, Treasury Bills are expected to generate 5,000 million net negative financing, while Government bonds and liabilities will contribute the remaining €75,000 million and foreign currency denominated debt.
Source: Informacion
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