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© Reuters. Spain places debt amounting to 15,516 million in two auctions
Madrid, Jan 11 (.) .- The Public Treasury has raised this Tuesday 15,516 million euros through an auction of treasury bills for six and twelve months and a syndicated placement, the first of its kind in 2022, of a bond to ten years.
This morning, Spain sold 4,375 million in twelve-month bills at a marginal interest rate of -0.515%, higher (or less negative) than the previous -0.595%.
In six-month bills, it has awarded 1,141 million with a yield that is also higher, of -0.566%, compared to -0.662% in December, when it reached historical lows.
Investor demand has reached 8,665 million euros.
In addition, the Treasury has raised 10 billion in a ten-year bond in what was the first syndicated debt auction of the year.
This last operation, in which banks place the debt directly among investors, has been very well received by the market, since the demand has reached 63,000 million euros.
The support of investors has allowed the price to be lowered, since after starting with a differential of ten basis points over the auctioned benchmark, in the end, it has been reduced to eight.
Deutsche Bank (DE :), HSBC, JP Morgan (NYSE :), Nomura, Santander Bank (MC 🙂 and Société Générale (PA 🙂 have been the underwriters of this syndicated auction.
The last syndicated issue that the Treasury had made was last September, when the agency placed its first green bond.
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