The Treasury awarded 4,903 bln euros in an auction of bonds – Investing.com Spain

MADRID (Reuters) – The Spanish Treasury placed 4.903 million on Thursday euros in three auctions of bonds with remaining maturities of between three and ten years, an amount that is in the part high of the target for this issue.

In notes due 2025 with a coupon of 4.1 percent, the state treasury awarded 1.871 million of 4.006 million euros requested with a marginal rate of 0.351 per percent.

five-year bonds with a coupon of 1.15 percent, 1.742 million euros were awarded against 3,098 million requested by applying a marginal rate of 0.94 percent, down from 1.305 percent set at the previous auction last July 2.

Finally in bonds maturing in 2025, applications were submitted by 2221.54 million and 1290.54 million were awarded at a marginal rate of 1.993 percent, up from 1.239 percent set at the previous auction of the same instrument, but this sale was made in early April, before financing costs skyrocketed but by the Greek crisis.

The amount placed on Thursday, stands at the top of the range between 4,000 and 5,000 million euros set by the public treasury for this auction.

Since the beginning of the year, the Treasury has captured 100,100 million euros in bond issues in the medium and long term, 70.5 percent projected for the entire year. The average cost of debt at the end of July reached 0.9 percent from 1.52 percent in December 2014.

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