Spanish treasury places 5.451 bln euros on market at lower interest rates
Xinhua, July 7, 2016 Adjust font size:
The Spanish treasury on Thursday placed treasury bonds worth of 5.45 billion euros (6.04 billion U.S. dollars) on the market at lower interest rates in the first auction held after the Brexit vote and Spain's general election.
A total of 1.88 billion euros worth of five-year treasury bonds fetched an average interest rate of 0.242 percent, which was below the 0.591 percent of the previous auction.
The placement also included 1.406 billion euros of bonds, which will mature in 2025, fetching an average interest rate of 1.061 percent, also below the 1.837 percent of the previous issue.
A further 1.736 billion euros worth of 15-year treasury bonds carried an average interest rate of 1.521 percent, which was below the 2.048 percent of the previous auction.
Finally, the treasury placed 421 million euros worth of 10-year eurozone inflation-linked bonds that carried an average interest rate of 0.413 percent, which was below the 0.841 percent of the previous issue.
So far, the Spanish treasury has placed around 74 billion euros of medium and long-term debt on the market, which represents 61.5 percent of the country's financial goals for the year, 120.3 billion euros. Enditem