Spanish Auctions: Tesoro sold Eur 4.554 bln of 2015, 2016 bono and 2017 obligacion issues

Author: Pete Jackson | Category: News

Out of an indicative target of Eur 3.5-4.5 bln

Sold Eur 2.52bln of 4% July 2015 Bono, yield 2.861% (vs 3.384 %), cover 1.63 (vs 1.797)

Sold Eur 984 mln of 4.25%  Oct 2016 Bono, yield 3.455% (vs 4.021 %), cover 3.57 (vs 1.71)

Sold Eur 1.05 bln of 3.8%  Jan 2017 obligacion, yield 3.565 %  , cover 2.70

Overall pretty good, with a full take up and lower yields, despite lower bid to cover ratios

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