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The Treasury raises 10,000 million in the first syndicated auction of the year
Madrid, Jan 11 (.) .- The Spanish Public Treasury has managed to capture 10 billion euros this Tuesday in a ten-year bond in what was the first syndicated debt auction of 2022.
According to market data, the aforementioned syndicated auction, in which banks place the debt directly among investors, has been very well received by the market, since 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 bid was held one day after the Treasury presented its financing strategy for the year.
The last syndicated issue that the Treasury had made was last September, when the agency placed its first green bond.
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