The Public Treasury has placed 6,499.35 million euros this Thursday in the first auction of the month of February, in this case of State bonds and obligations, and has done so by remunerating investors in the four references issued at the highest rates, according to data published by the Bank of Spain. Investors continue to show interest in Spanish debt securities, since the joint demand for the four references auctioned has exceeded 13,694 million euros and has doubled what was finally awarded in the markets.
Specifically, the body under the Ministry of Economic Affairs and Digital Transformation has placed 2,400 million euros in 3-year State bonds, in response to a demand of 5,580.03 million, and the marginal interest rate has been placed at 2,928 %, compared to the previous 2.816%. In State obligations with a residual life of 5 years 3 months, the Treasury has placed 1,611.2 million, below the 3,376.23 million requested by investors, with a marginal return of 2,896%, above 0.036% from the previous auction.
The Public Treasury places 505.38 million and doubles those requested
In government bonds indexed to inflation and with a residual life of 7 years 10 months, the Treasury has placed 505.38 million, compared to the 1,080.38 million requested, with a marginal interest of 0.886%, compared to 0.601%. former. Finally, in 20-year State bonds, with a 3.45% coupon, the Treasury has placed 1,982.77 million euros, below the 3,657.8 million requested, and the marginal interest has been at 3.654%.
At a time when individual investors are showing great interest in Treasury bills, the body will auction next Tuesday, February 7, short-term debt -6 and 12-month bills-. It should be remembered that as of that same day it is necessary to request an appointment for the Direct Accounts service of the Bank of Spain, after the long queues observed these days at the headquarters of the organization for the purchase of State bills given their high profitability.
The purchase of debt can also be carried out through the Treasury website in the ‘securities purchase and sale service’ option, as well as in financial institutions (banks or savings banks) and in securities companies and agencies. According to the General State Budget (PGE) of 2023 the interest rates.
For its part, the net indebtedness of the Public Treasury in 2023 will remain at 70,000 million. Breaking down by type of instrument, the Treasury Bills are expected to provide net negative financing of 5,000 million, so the State bonds and obligations, together with the rest of the debts in euros and foreign currency, will contribute the remaining 75,000 million.