The Spanish Public Treasury has captured 6 billion euros with a new syndicated 10 year bond, with a demand five times greater, after raising great interest among national and international investors, as market sources confirmed to Europa Press. Specifically, the issue of the syndicated bond, which raised a demand for 31 billion euros, was placed at a price of 33 base points over the midswap ( reference for fixed interest issues).
The Public Treasury has taken advantage of a good moment in the Spanish risk premium, which remains stable around 80 base points, and the returns on 10 year bonds, at around 0.6%, which in recent days have hit historic lows.
The last syndicated bond issued by the Public Treasury was last January, when it placed 10 billion euros, and received the largest demand in the history of public issuers in euros, with applications for 46.5 billion euros. As the Ministry of Economics pointed out at the time, since the creation of the single currency, no issuer, sovereign, subnational, supranational or regional, has received a similar volume of applications for an issue of this kind.