© Reuters. The Treasury sells 3,776 million in bills and reduces the interest on one-year bills
Madrid, Dec 7 (.).- The Spanish Public Treasury has placed 3,776 million euros this Wednesday in six- and twelve-month bills which, in the case of the latter, have come out at a lower marginal interest after reaching maximums in November since 2012.
According to the auction data consulted by Efe, the one-year bills have been awarded today at a marginal yield of 2.474%, lower than the 2.565% of the previous month, when it reached its highest level since December 2012.
Of this type of debt, Spain has sold 2,997 million euros.
In the case of six-month bills, of which the Treasury has awarded 779 million euros, the applied interest has been 2.092%, higher than the previous 2.04%, which remains at 2012 levels.
In what has been the penultimate auction of the year, the demand from investors has exceeded 6,800 million euros.
Thus, the auction ratio -difference between what was demanded by the market and what was finally placed- was 1.8 times.
After today’s auction, the Treasury will only hold one more bid in 2022.
It will be next December 13, and on that occasion the debt to be issued will be three and nine month bills.
The auction included in the official Treasury calendar scheduled for December 15 has not been called, since the agency has decided to reduce the volume of net financing planned for 2022 by 5,000 million euros.
In this way, the net issuance of public debt will be 70,000 million and the gross issuance will drop to 232,507 million.