© Reuters. Treasury expects to capture up to 6,750 million in bonds and obligations on Thursday
Madrid, Jan 30 (.).- The Spanish Public Treasury expects to raise this Thursday between 5,250 and 6,750 million euros in a new auction of bonds and obligations, after in a month, it has issued 32,000 million, 14.1% of its medium and long-term financing program for all of 2023.
According to the Treasury, at Thursday’s auction, which will be the first in February, the agency will offer investors four different debt denominations.
Among them, three-year bonds; twenty-year obligations; and other obligations with a residual life of five years and three months.
Likewise, it will also auction other inflation-indexed obligations with a residual life of seven years and ten months.
The auction will take place just on the day that the European Central Bank (ECB) holds its monetary policy meeting, in which the market expects a new rise in interest rates of 50 basis points.
The Secretary General of the Treasury and International Financing, Carlos Cuerpo, acknowledged a few weeks ago, during the presentation of the financing strategy for 2023, that the ECB rate hikes and the reduction of its debt purchase program will continue to make the price more expensive. cost of issued debt which, however, is expected to be “contained”.
The last time that the Treasury appealed to the market was on January 25, when it carried out its first syndicated auction of the year, in which it managed to place 13,000 million euros in a new ten-year bond, which is the second largest amount issued. by the organism.
Investor demand exceeded 86 billion euros, the second highest in the history of the Treasury.
