LONDON (MNI) – Spain has sold E75.7 billion worth of bonds so far
this year, which equates to around 80.5% of its initially projected
medium-and long-term gross funding plan, the country’s Treasury said
Wednesday.
In an investor presentation on its website, the debt agency said
“non-resident investors have been of instrumental importance throughout
various periods of uncertainty.”
“The geographical distribution of holdings of government bonds has
remained relatively stable during the last two years”, the Treasury
added.
In addition, it said that Spain’s refinancing risk remains subdued
thanks to a longer average life, which is 6.73 years, as of Oct 31.
“The average portfolio maturity has increased thanks to a reduced
issuance of T-Bills and focus on medium-and long-term supply”, the
Treasury added.
–London newsroom: 00 44 20 7862 7494; email: nshamim@marketnews.com
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