After issuing €1,62 bn at 5 years, €1,31bn at 10 years and €510 M at 30 years, the Treasury ruled out any further debt issuances in 2019. On the other hand, the net issuance amounted to almost € 20 bn, the lowest figure since 2007.
MADRID, February 20, 2015 | By Fernando G Urbaneja | The Government and Spanish companies are taking advantage of low interest rates as a means of reducing overall indebtedness.
MADRID | By Sean Duffy | Spain is on the path to recovery, and that recovery is to be directly felt by citizens in the form of tax cuts fuelled by the country’s improving economic situation. That was the message delivered by Spanish Treasury Secretary, Miguel Ferre Navarrete, in a speech delivered at Spain Investors Day.
MADRID | By Francisco López | Markets have positively changed their perception on the Spanish economy, as we saw in Tuesday’s Ibex bullish rally. The index surpassed the 9,800 points barrier. Also, the latest Treasury auctions have been successful and the risk premium is stable.
MADRID | The Corner Team | Spain’s borrowing costs dropped at a double bond auction on Thursday after the U.S. Fed announced it will not start tapering yet. The 3-year bonds were sold at an average yield of 2.225%, compared with 2.636% seen at the previous auction. Madrid expects that this will leave some margin to offset possible negative deviations elsewhere or to better fulfill the country’s deficit target (6.5% for 2013).
BARCELONA | By CaixaBank Research team | In the first five months of the year, the Spanish Treasury’s bond issuance rate has beaten the records of the last few years.
By Tania Suárez, in Madrid | The new deficit targets established by Brussels left unmoved the Spanish Treasury issuance performance. It has placed €3,009.29 million in bonds and debentures at lower interests, few days after the Spanish government set up a higher deficit target for 201 and after Brussels mended it to a final 5.3% from an initial 4.4%. Specifically, the Treasury has placed €976.18 million of the €4,031.18 million…