Spain calls for early repayment of 1,000 mlns of loan to european banks – Investing.com Spain

MADRID (Reuters) – The Spanish Treasury revealed on Monday that it has requested the early repayment of 1,000 million euros of the loan that the ESM (european stability mechanism), made it to the country to rescue the financial sector.

Spain, which received 41.300 million euros from the hands of the ESM, has been made up to the time three other repayments anticipated for the amount of 5.304 million euros.

The start to the return of principal is not expected until the year 2022, according to the conditions agreed to in your day.

The Treasury announced the new early repayment of the loan in a note in which it confirmed statements of the minister of Economy on the eve in which cut the goal net issuance of state treasury in 5,000 million by the fiscal adjustment, and lower costs.

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