Treasury Department this Tuesday. 4,940.97 million euros in short-term debt mid-high range It did this by offering higher returns on 6-month bills but lowering interest rates on 12-month bills, according to data released by the Bank of Spain.
The improvement in interest rates, delivered in line with the ECB’s recent rate hikes, has maintained the markets’ investor appetite for Spanish securities, but the combined demand for both benchmarks has not doubled the amount given. some requests for 8,987.86 million euros.
Specifically, the Treasury invested €1,124.54 million in loans. bills up to six monthsAgainst a demand of 2,774.83 million euros, it delivered a marginal return of 3,679%, slightly above 3,665% on the previous issue, reaching its highest level since July 2012.
In the auction of twelve-month bonds, the affiliate Ministry of Economic Affairs awarded 3,816.43 million euros upon 6,213.03 million requests from investors, and the marginal interest was set at 3,680, below the previous 3,682 percent.
long-term debt
But today’s offer won’t be the only offer this week. Next Thursday, the Treasury will issue government bonds and debt securities, an auction it expects to attract. Between 5,750 and 7,250 million euros.
At Thursday’s auction, investors will be offered 10-year and 30-year bonds, as well as other bonds with a remaining life of three years and two months; and others indexed to inflation They expire in 2030 (seven years and three months remaining life).
Specifically for liabilities due in October 2026 coupon 1,3%; 1% as of November 2030; 3.55% for October 2033 and 1.90% for 2052.
The first issue of September will be followed by another 12.another with three and nine monthly bills and 21 with bonds and government obligations.
As the Ministry of Economic Affairs and Digital Transformation recently reported, the Public Treasury already covers 73% It accounts for 25 percent of all medium and long-term financing planned for 2023, while the average cost of public debt remains around 2 percent.
2023 goals
Gross exports of the Undersecretariat of Treasury will be this year 256,930 million eurosThis represents an 8.2% increase over the 2022 forecast due to the rise in interest rates.
The net debt of the Undersecretariat of Treasury in 2023 will remain the same in 2023. 70,000 million. By instrument type, Treasury Bills are expected to provide net negative financing of 5 billion, with government bonds and debt contributing to the remaining 75 million, along with the rest of Euro and foreign currency denominated debt.