The Spanish Public Treasury will hold the last debt auction of the month of September next Thursday, and will do so with the issuance of three different denominations of State bonds and obligations. This auction occurs after the decision last Thursday by the European Central Bank (ECB) to raise interest rates for the tenth consecutive time, by a quarter of a percentage point, to 4.5%, to stop inflation in the area. of the euro. and despite the stagnation of the economy.
As reported by the Public Treasury, on Thursday it will put three-year bonds and obligations with a residual life of four years and four months and eight years and one month on sale among investors. Specifically, it will issue three-year bonds with a coupon of 2.80% and maturity on May 31, 2026.
Regarding the State obligations with a residual life of four years and four months, the coupon is 0.00% and the maturity is January 31, 2028. Finally, the State obligations with a residual life of eight years and one month, The coupon is 0.50% and the maturity is October 31, 2031.
The last time that the Treasury appealed to the market was on the 12th when it sold 2,313 million euros in an auction of three- and nine-month bills that, in the case of the latter, came out at a higher marginal interest, of 3.737%.
Regarding the previous auction of bonds and obligations that was held on September 7, almost 7,000 million euros (6,926 million) were placed in four different denominations of bonds and obligations, with a marginal interest that in all cases . was increased.
The next auction, according to the Treasury calendar, will be held on October 3 and will be for 6 and 12 month bills, while two days later, on October 5, the auction for bonds and obligations will be held.