The Spanish Public Treasury will launch its March month this Thursday. The agency will appeal to the market again on the 2nd with the issuance of State bonds and obligations, an auction that will be held after the great demand that it has had in the first two months of the year, where it has already captured 57,462 million euros, the 25% of its medium and long-term financing program for all of 2023.
The one on Thursday will be the first bid in March, and after it the agency will carry out another one for letters at six and twelve months, on March 7, and another one for letters at three and nine months, on the 14th.
‘Boom’ of investors
The latest auctions of Treasury bills have received great demand from individual investors, who see these titles as more attractive than other products such as bank deposits.
Since the beginning of the year, the Treasury website has received debt purchase requests from individuals for imports of more than 1,000 million euros. According to the official Treasury calendar, on March 16, the agency will once again offer investors medium and long-term debt of various denominations.
To date, Spain has already raised 25% of its medium- and long-term financing program for 2023, and this, after last week it launched the second syndicated issue of the year, in which it raised 5,000 million euros in a new fifteen-year bond, with a demand that exceeded 30,500 million. The bond issued was close to 4% profitability.