スペインの財務省は、43億0743万0000ユーロの国債を発行。3年国債は額面3'30%で金利は3'019%ー3'046%(前回は2'632%ー2'680%)で30億5708万0000ユーロ、5年国債は額面4'10%で金利は3'598%ー3'619%(前回は4'193%ー4'242%)で5億8988万0000ユーロ、8年国債は額面5'50%で金利は4'477%ー4'496%(前回は5'517%ー5'555%)で6億6047万0000ユーロ発行。
El Tesoro supera sus objetivos y coloca 4.307 millones en bonos y obligaciones
Los inversores exigen menos interés a la deuda a tres años pero mayor para obligaciones a cinco años y ocho años
EP Madrid 4 ABR 2013 - 12:20 CET
The Treasury placed overachiever and 4.307 million in bonds and notes
Investors demand less interest over three years debt obligations but higher for five years and eight years
EP Madrid 4 ABR 2013 - 12:20 CET
The Treasury has once again exceeded their goals by placing 4307.43 million in bonds, amid tensions experienced by markets to the uncertainties surrounding the rescue of Cyprus and waiting for the country to submit to the 'troika' his plan to revive the economy.
Thus, the agency has exceeded its emission target and expected to attract between 3,000 and 4,000 million euros. Demand, meanwhile, has been high and has exceeded 9,400 million.
Specifically, the agency has sold millions of 5697.08 3057.08 million requested by the market in bonds with a coupon of 3.30% and a maturity of July 30, 2016. Thus, the demand has exceeded 1.9 times the amount placed.
The three-year bond is new, so yields are not comparable marked. In this case, the agency has offered investors an average interest of 3.019% and a 3.046% marginal. However, if you compare the interest to the Treasury last paper brought to market three years, albeit with a different coupon (March 2013), the agency has had to raise profitability, since last month offered a average rate of 2,632% and 2,680% marginal one.
In addition, the Treasury has placed 589 880 000 2415.02 million of orders by investors in five-year bonds with a coupon of 4.10% and life until July 30, 2018. Thus, the demand has exceeded 4.1 times what was sold (2.9-fold on the previous occasion).
In this case, the agency has lowered the interest about the last time she released this same reference (March 2012). Specifically, the average rate fell from 4,193% to 3,598% then offered today, while the marginal increased from 4,242% to 3,619%.
Compared to the last issue of five-year bonds, but with a different coupon, held last month, the interest has remained fairly stable since the average rate in March was 3,572% and 3,612% marginal.
Finally, the Treasury has issued 660.47 million requested for 1361.04 million in eight-year bonds with a coupon of 5.50% and a maturity of April 30, 2021. Thus, the demand has exceeded 2.1 times as finally settled by the (1.8-fold on the previous occasion).
In this case, the profitability has also moderated slightly to pass the average rate of 5,517% in November last year to 4,477% today, while the marginal increased from 5,555% to 4,496%.
More auctions next week
In any case, the agency of the Ministry of Economy and Competitiveness has passed a new test in the markets, at a time when the Spanish risk premium remains in the vicinity of 350 basis points.
Next week, the Treasury will submit to the scrutiny of two emissions markets. The first letter will be at 6 and 12 months and will be held on Tuesday and the second will be in bonds and notes and will take place on Thursday.
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