Treasury Aims to Place Up to 6 Billion Euros in Medium and Long-Term Debt

The Spanish Treasury aims to place up to 6 billion euros in medium and long-term debt this Thursday, marking the end of its planned issuances for September. This auction comes after the European Central Bank (ECB) Governing Council raised interest rates by 25 basis points, with the deposit rate now at 2.5%.

The Treasury will offer three types of state bonds: those with a residual life of 5 years and 7 months, a coupon of 0.70%, and a marginal reference interest rate of 2.722%; those with a residual life of 8 years and 1 month, a coupon of 3.45%, and a marginal reference interest rate of 2.747%; and those for 10 years, a coupon of 3.40%, and a marginal reference interest rate of 3.545%.

The auction completes a month marked by the fourth syndication of the year carried out by the Treasury, which placed 4 billion euros in a new 20-year bond maturing in July 2047, with an oversubscription of more than 17 times the amount issued.