The Treasury has concluded with great success the first broadcast syndicated of the year to a rate of interest at historic lows. In particular, the agency that manages the issuance of public debt has received a record demand of more than 53,000 million euros in the obligation syndicated to 10 years, more than 46,500 million of the issue placed a year ago. BBVA, Citi, HSBC, J. P. Morgan, Santander and Société Générale has actúado as the banks coordinators of the operation.
once closed the issuance, the Treasury has managed to capture 10,000 million euros and has done so at an interest rate of 0,509% compared to 0.6% of the broadcast syndicated last summer and of 1.46% from a year ago. In addition to the obligations to 10 years, the agency has placed 5.105 million euros in letters at 6 and 12 months, within the range intended environment, and has done so by charging investors more for the 6-month letras, at the log types to be more negative, but less by the letters at 12 months.
The issue occurs just the day in which takes place the first meeting of the Council of Ministers in the new Government coalition of the PSOE and United we Can, following the appointment of the members of the Executive.
To 2020, the Treasury expects to realize a net issuance of public debt of 32,500 million euros, which represents 7.1% less compared to the strategy of the last year, but a 62,8% over 19.960 million issued at the end of 2019. The strategy of the Treasury envisages a gross issuance of public debt 196.504 million for this year, 6.2% less than the strategy of 2019 and expected to get all of the net financing through the issuance of instruments to the medium and long term. In addition, the agency provides for the issuance of its first green bond, to 20 years in the second half of the year.
Updated Date: 14 January 2020, 13:00