Markets > Bonds

Spanish treasury places 4.5 bln euros on market

Xinhua Financein ​MADRID
2018-05-09 09:14

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The Spanish treasury placed on Tuesday treasury bills valuing 4.5 billion euros (5.3 billion U.S. dollars) on the market.

A total of 4.075 billion euros worth of 12-month treasury bills carried an average interest rate of -0.414 percent, the treasury said.

The remaining 425 million euros worth of six-month treasury bills fetched an average interest rate of -0.49 percent.

The auction took place in a context when Spain's risk premium stood at around 70 points while rating agencies, such as S&P, Moody's or Fitch, have recently upgraded Spain's sovereign debt rating.

The treasury will hold a treasury bonds auction on May 17 and another one on May 22 when it will place three- and nine-month treasury bills. (1 euro=1.19 U.S. dollars)
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