By Laura Contemori – ROME (Econostream) – The Spanish Treasury on Thursday raised €5.833 billion through an auction of bonds with maturities ranging from seven to 14 years, including one Bono del Estado and two Obligaciones del Estado.
The Treasury sold €1.954 billion of the 3.00% Bono del Estado due January 31, 2033. Total bids amounted to €3.584 billion with a bid-to-cover ratio of 1.83. The bond was allotted at a weighted average price of 100.973% and a weighted average rate of 3.032%. The stop-out price was 99.760%, with a stop-out rate of 3.038% while the previous amounted to 3.169%.
The Treasury allotted €2.552 billion of the reopening of the 3.40% Obligacion del Estado due October 31, 2036 from bids totaling €4.774 billion, resulting in a bid-to-cover ratio of 1.87. The bond cleared at a stop-out price of 100.120% and a weighted average price of 100.336%. The weighted average rate was 3.383%, with a stop-out rate of 3.386% while the previous was 3.395%.
It also issued €1.327 billion of the 4.90% Obligacion del Estado due July 30, 2040. Demand reached €2.584 billion, with a bid-to-cover ratio of 1.95. The bond cleared at a stop-out price of 113.680% and a weighted average price of 118.157%. The weighted average rate was 3.635%, with a stop-out rate of 3.641% compared to a previous one of 3.817%.
Total nominal bids amounted to €11.212 billion.
Settlement for all three bonds was scheduled for June 23, 2026.