This Wednesday, the 15th, the IGCP will hold two auctions of Treasury Bills (BT) with maturities of three and 11 months, for a global indicative amount between 1,500 million and 1,750 million euros.
Bonds maturing in three months mature on July 17, 2026, while 11-month bonds mature on March 19, 2027, the treasury and public debt management agency said.
The paper auction in three months is the first with this maturity taking place this year. In turn, in the longer term, the comparable auction held on February 18th saw IGCP place 875 million euros in 11-month BT, at an average rate of 2.015%, with demand of 2,152 million euros — 2.46 times the amount placed.
Treasury Bills are short-term public debt instruments (up to one year) that allow the State to obtain financing in a more dynamic way in treasury management.
Leave a Reply