Spanish treasury places 4.607 bln euros on market

The Spanish treasury placed on Tuesday treasury bills valued at 4.607 billion euros (about 5.25 billion U.S. dollars) on the market at negative interest rates and registering a demand of 10.516 billion euros.

A total of 4.075 billion euros worth of 12-month treasury bills carried an average interest rate of -0.076 percent, which was below the -0.066 percent of the previous issue held on March 8.

The placement also included 531 million euros worth of six-month treasury bills that fetched an average interest rate of -0.142 percent, which was also below the -0.114 percent of the previous auction held in March.

So far, the Spanish treasury has placed 40.2 billion euros of medium and long term debt on the market which represented 32.1 percent of the treasury 2016 goals, 125.3 billion euros.

The Spanish treasury will hold another auction on Thursday aim at placing between 4 and 5 billion euros on the market. (1 euro = 1.14 U.S. dollars) Endit