Madrid, March 1 (EFE) .- Spain resumes debt issues this week appeased and the crisis between Greece and its European partners and up the purchase program sovereign and corporate debt launched today by the European Central Bank (ECB (Toronto: BCE-PA.TO – news))., and already covered 25% of its needs for 2015
In its first broadcast March Treasury will market bonds at two and five years and obligations maturing in 2032, though it will not be able to have the desired rise rating from Moody’s.
In its latest review of Spanish debt, the rating agency risk admits that the recovery is underway and is expected to a positive trend to continue, but warns of the risk posed by the “anti” game we can.
However, until now the Treasury has been imposed on all auctions and not holding several electoral events this year or open conflict between Greece and its European partners by the terms of the bailout and debt restructuring have affected Spain, which takes several months reducing their financing costs.
So far this year, the Treasury has made emissions totaling 51,652,000, of which 35,434 are part of the financing program medium and long term, ie 25% of the forecast for the year, which is 141 996 000 euros.
In the short term, Spain is financed almost free, because in the last issue letters to three and nine months, on February 24, 2515.64 million euros was awarded to near zero and the lowest in the time series interests.
At the Spanish Treasury will also serve support to further lower its cost of funding the program to purchase sovereign and corporate bonds today launched the ECB, at a rate of 60,000 million euros a month.
Even before the ECB has started buying debt, Spain already ranks as a safe haven in the portfolios of investors, like German or French debt.
This is evidenced by the syndicated issue that made the Treasury the week Last, with which got 7,000 million euros to fifteen years paying less than 2% and a very strong demand from financial institutions, more than 20,100 million euros.
No comments:
Post a Comment