Average cost of Spanish debt down to 1.46% in 2014

Spain Generic Govt 10Y Yield

Gross debt issuances in 2014 were similar to 2013’s, with €239,535 billion, while net debt issuances reached a value of 57,569 billion, which represents a decrease of 18.1%.

Approximately 95% of the net funding went to 10-year- bonds. Thus, the average maturity at the end of the year stood at 6.17 years, exceeding more than three months that of 2013.

As we reported not long ago, currently half of Spanish debt is owned by foreign investors.



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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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