MADRID, 7 Jun. (EUROPA PRESS) –
The Public Treasury has placed this Tuesday 4,927.55 million euros in letters at 6 and 12 months, in the expected average range, and has done so by paying more to investors for the 12-month reference, according to data published by the Bank from Spain.
Investors continue to show interest in Spanish debt securities, since the joint demand for both references has exceeded 7,722.55 million euros, 2,795 million euros more than what was finally awarded on the markets.
Specifically, the body dependent on the Ministry of Economic Affairs has placed 872.62 million euros in six-month bills, against a demand of 2,382.62 million, and the marginal interest rate has been placed at -0.055%, less negative than the previous -0.310%.
In 12-month bills, it has placed 4,054.93 million, below the 5,339.93 million requested by investors, with a marginal return of 0.504%, compared to the previous 0.103%.
After this Tuesday’s issue, the Treasury will return to the markets on June 14, with an auction of 3- and 9-month bills, which will be followed by another on June 16 of State bonds and obligations with which it will end the issues of the month.
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.
