©Reuters. The Treasury places 1,000 million in the first reopening of its green bond
(Updates the information with reference EC4224 with more data)
Madrid, March 3 (.).- The Spanish Public Treasury celebrated this Thursday the first reopening of the green bond issue launched in 2021, and of this type of debt, which has a term of twenty years, it has placed 1,002 million euros.
The marginal yield of the aforementioned twenty-year bond has been 1.492%, according to market data, while the demand by investors has exceeded 1,400 million euros.
Spain launched its first green bond issue on September 7, 2021 through a syndicated auction, in which it issued 5,000 million euros.
The Treasury fully reaches a volume in circulation of the green bond in the environment of 15,000-20,000 million, the entity said in a statement.
The money raised with this type of issue will be used to finance green spending programs included in the Budgets for the years 2020, 2021 and 2022, amounting to 11,612.44 million euros.
In addition to this denomination of debt, Spain has today placed three more among investors: three-year bonds; seven-year new reference bonds, and other fifteen-year bonds indexed to inflation.
In three-year bonds, Spain has awarded 1,996 million euros, at a marginal yield of 0.092%, higher than the previous 0.009%.
Likewise, in seven-year bonds it has sold 2,068 million euros. The interest applied was 0.681%, much higher than the previous 0.129%.
In fifteen-year bonds indexed to inflation, it has awarded 553 million euros.
In this case, the interest has been -1.020%, also higher (or less negative) than the previous -1.037%.
In total, in today’s auction, the second held in March, the Treasury has placed 5,619 million euros, which represents 30.4% of the annual financing program.
This volume that has been located in the middle part of the Treasury’s objective that ranged between 4,750 and 6,250 million.
Investor demand has exceeded 7,500 million.
The average life of outstanding debt amounts to 8.15 years and its cost is 1.55%.
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