HE public treasury The Spanish deposited 3,430.38 million euros According to data published by , it did this by reducing the profitability offered in the high range expected for Government bond issuance and in all references put out for tender. Bank of Spain.
Despite the reduction in marginal interest offered, high levels of profitability maintained the markets’ investment appetite for Spanish securities and demand reached 2017. 6,498.22 million euros.
In particular, the organization was put up for auction Government debts with a remaining life of 5 years and 11 months and a 0.60% coupon; Inflation-Indexed Government Debt Securities with 0.70% coupon and 15-year Government Debt Securities with 3.90% coupon, with a remaining life of 10 years.
In Government Borrowings with a remaining life of 5 years and 11 months, the Treasury deposited 1,198.28 million euros with a demand of 2,608.45 million euros with a marginal interest of 2,838 percent, below the previous 3,295 percent.
For inflation-indexed State Debts with a remaining life of 10 years, the Treasury placed 505.20 million euros below the demand of 890.20 million euros, and its marginal profitability fell from 1.213% to the previous 1.550%.
Finally, in the 15-year State Debt, Treasury provided 1 billion 726.90 million eurosBelow the demand of 2,999.57 million, the marginal profitability was 3.593%, below the previous 3.902%.
Following this auction, the Treasury will return to the markets on December 12 with the issuance of 3 and 9-month bonds to close the year due to the bond cancellation planned for December 14.
It reached 3.977 million on Tuesday, lowering the profitability offered
This Thursday’s auction, the second in December, will be held after last Tuesday Treasury will provide a loan of 3 billion 977.3 million euros In the expected mid-range of 6- and 12-month bonds, the profitability offered to investors in both benchmarks decreased.
Despite the reduction in interest offered on bond issues, high levels of profitability maintained the markets’ appetite for investment in Spanish securities. However, the joint claim of both references did not double the amount awarded with claims of 8,209.99 million euros.
Spain to reduce planned debt issuance by $5 billion
Gross exports of the Undersecretariat of Treasury will be this year €256,930 million, which represents an increase of 8.2% Compared to the 2022 forecast due to the increase in interest rates.
Regarding net issuance, First Vice President and Minister of Economic Affairs Nadia Calviño announced last month that Spain will reduce debt issuance planned for 2023 by 5 billion euros, thanks to “good progress” in the Spanish economy and “loose” compliance. With financial goals.
However, according to Calviño, Spain will increase its net debt issuance from 70,000 million to 65,000 million, which will put the country in a position “resilient and strong in the context of rising interest rates.”