The Treasury issues 8,000 million in a 10-year syndicated bond, after receiving demand for some 40,000 million

He ordered 6 banks to place this new syndicated issue, the third this year

MADRID, 7 Jun. (EUROPA PRESS) -

The Public Treasury has issued 8,000 million euros in a new 10-year syndicated bond for which it has received a high demand of around 40,000 million euros, which reflects the investor appetite for Spanish debt securities, as reported to Europa Press sources from the Ministry of Economic Affairs.

"Demand is close to, but is still somewhat higher than, that of similar emissions from before the pandemic, which reflects the gradual normalization of monetary policy," sources from the Ministry headed by Nadia Calviño have highlighted, after learning the first broadcast data.

The public body has ordered six banks to place this new 10-year syndicated issue. Specifically, the Treasury has granted the mandate to BBVA, Barclays, Credit Agricole, Deutsche Bank, JP Morgan and Morgan Stanley to place this new 10-year syndicated State bond, as confirmed by market sources.

All this, in a context prior to the meeting of the Governing Council of the European Central Bank (ECB) to be held next Thursday in which monetary policy decisions are expected and new forecasts for the euro area will be published.

This is the third syndicated issue of the year and comes after the one launched in January (at 10 years) in which it raised 10,000 million euros and the one made in February (at 30 years), with which it raised 7,000 million euros .

Specifically, on January 11, the Treasury placed 10,000 million euros in a 10-year syndicated bond, with a price of 8 basis points and maturing on April 30, 2032, for which it has received a high demand above the 63,000 million euros.

On his side, on February 9, he raised 7,000 million euros in a 30-year syndicated bond, maturing on October 31, 2052, for which he received a high demand of 60,143 million euros, the highest registered for this type of bond and that tripled that of the last 30-year bond issued in February 2020.

This Tuesday, the Treasury has also placed 4,927.55 million euros in 6 and 12-month bills, in the expected medium range, and has done so by paying investors more for the 12-month reference, according to data published by the Bank of Spain.

In accordance with the financing strategy, the Public Treasury maintains the net debt issuance forecast for 2022 at 75,000 million, practically similar to the figure for 2021 (75,138 million), while it forecasts that the gross issuance will be reduced by 10% compared to last year, up to 237,498 million euros.

As in recent years, the bulk of the expected gross issuance will be concentrated in Treasury bills and in government bonds and obligations.