He Public Treasury 13,000 million euros in a new 10-year syndicated bond, for which he received a strong demand of 87,000 million euros, which reflects “the confidence of international investors” in the Spanish economy, according to sources from the Ministry of Economy and Digital Transformation reported to Europa Press.
He Public treasure has given mandate to Barclays, BBVA, Citi, Crédit Agricole CIB, J.Morgan and Santander to make your first broadcast syndicated in 2023, registering credits for 87,000 million euros.
This is the second largest emission requirement that makes Public treasure , which demonstrates “the very good access to the capital market and the confidence of international investors in the Spanish economy,” according to sources from the ministry that presides Nadia Calvino.
In addition, Economic Affairs He noted that there was strong demand from international investors, in the high segment, and good quality of orders.
With all that, Public treasure set the value of the issue in 13,000 million of euros, the second largest amount ever issued.
O Tesouro used 4 unions in 2022.
In 2022, the department of Public treasure requested a total of four Union issuance operations. Especially in January, the first release of the year (ten years ago) that raised 10,000 million euros.
In February (30 years), raised 7 billion euros; in June (10 years) issued 8 billion and in September 5,000 million in bonds unionized for 20 years, with a demand more than 40,000 million.
In this month's presentation of the Strategy Financing of the Ministry of Public Treasury for 2023, the secretary general of the Ministry of Treasure, Carlos Body, already said that the organization will once again turn to banking consortia to issue some reports on State subtitles.
As part of the next government bond issue, the issuance of 48 government bonds and government bond notes.
3 Million “Green Bonds”
The public entity also plans to place 2023 about 3,000 million euros of “green” bonds through three issues, in line with the value of the operations carried out in 2022. To date, Spain has placed 8.2 billion of euros of “green” bonds in market bonds, with an estimated circulation of 20,000 million euros.
According to the Budget Law proposal of the State (PGE) by 2023, the gross production of miguxo in the State next year will be 256,930 million euros, which means a increase of 8.2% compared to this year's estimate due to the rise in interest rates.
On the other hand, the net debt of the consented in 2023 will remain in US$ 70 billion. By instrument type, Miguxo sub-bonds are expected to provide negative net financing of 5 billion dollars US, boosting government sub-bonds and sub-bonds, including the euro and the rest of the foreign currency debt. Provide the $ 75 billion remaining.
He Public treasure has concluded its broadcast of 10-year syndicated bonds, which was launched with a goal of 13 million.
Conclusion
Despite the modest figure, demand for the bonds exceeded expectations to reach 87 million.
Successful outcome reflects strong confidence in fiscal policies of the treasury and the ability to fulfill their obligations responsibly.
Support is also an indication of investors' preference for US bonds. Treasure Public long term over other available asset classes in the market.
The high demand allowed the treasure Public raise more funds than anticipated while keeping borrowing costs low.
This will help ensure that it can continue to operate without financial difficulties and at the same time allow it to invest more resources in projects that will be beneficial to citizens.