MADRID (Reuters) – The improvement of public finances in Spain permitted to cast net debt less than expected this year, said Economy Minister Luis de Guindos on Monday, after the country auctioned three-month notes record performance below freezing.
Helped by favorable market conditions generated by a series of payments of debt in the euro zone and lower tensions over Greece, the Spanish Treasury sold 4.200 billion euros (4.600 billion dollars) in three nine papers years.
De Guindos said the goal of this year net emissions Spain will be cut to 53,000 million euros, compared with 55,000 million euros originally planned.
3-month securities, the Treasury placed 441 million euros compared to 3.151 million requested a marginal interest rate of -0.050 percent from 0.015 percent in the previous auction on June 23. This is the lowest rate in this reference, exceeding 0.025 percent in April and May this year.
A nine months, 3.745 million euros were awarded against requests by 6.745 million euros, a marginal interest rate of 0.029 percent from 0.079 percent on June 23.
The Spanish risk premium, measured by the spread between the yield of the Spanish 10-year debt with the equivalent German & gt;. ES10YT = TWEB, stood at 124 points, two basis points below opening levels
Spain is one of the countries considered most vulnerable to contagion from the Greek crisis.
The anti-austerity measures encouraged by the Greek Syriza party after coming to power have prompted the latest political groups in Spain face the general elections to be held this year.
($ 1 = 0.9217 euros)
(Reporting by Andres Gonzalez. Written by Thomas Cobos. Edited by Emma Pinedo and Marion Giraldo)
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