The Public Treasury placed €6,927.2 million in the mid-to-long-term debt auction this Thursday, in the expected mid-high range, and it did so. paying investors at higher interest ratesIt reached almost 4.2% for 30-year liabilities, according to data released by the Bank of Spain.
Investors continue to show interest in Spanish debt securities due to common demand for all references (12,594.24 million euros) In the end, it almost doubled the prize given in the markets.
Specifically, the Treasury made an offer to investors in this second issue of September. 10 and 30 year bondsother liabilities with a remaining life of three years and two months, and others that will mature in 2030 and are indexed to inflation with a remaining life of seven years and three months.
Regarding the inflation-indexed liabilities of the state with a remaining life of seven years and three months, the institution, 482.65 million and got a request 927.65 million, marginal interest remained at 1.035 percent, above the previous 0.886 percent.
10-year government bonds, Treasury seized 2,598 million against a demand of 4,488.02 million and profitability was 3,668%, above the previous 3,613%.
30 years of State obligations, The Treasury seized 1,902.35 million euros against a demand of 3,710.35 million euros, with a marginal interest rate of 4.193%, above 3,985% in the last auction.
Finally, the Treasury deposited a loan of 1 billion 944.2 million Euros to the bank. Government bonds with a remaining life of three years and two monthsOver 3,468.22 million requested at a marginal interest of 3.315%.
Letter interest increased to six months
Last Tuesday, the Treasury made a short-term loan of 4,940.97 million euros in the first auction of September, which resulted in higher yields. invoices up to 6 monthshowever, we reduce the interest on 12-month bills.
Maintaining high interest rates offered in line with the ECB’s recent rate hikes, investor appetite markets for Spanish title deeds, especially for short-term debt.
This first issue of September will be followed by another on the 12th and 21st, with letters of three and nine months. with government bonds and obligations.
2023 goals
The gross issuance of the Public Treasury will be 256 billion 930 million euros this year. 8.2% increase Compared to 2022 forecast due to increase in interest rates.
The net debt of the Public 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.