- The obligation expires in October 2064 and pays a 4% coupon
- The Treasury already covers 78.4% of the forecast for the whole year
The Public Treasury has issued the first 50-year State Obligation through a private placement expiring on October 31, 2064. The volume placed amounted to 1,000 million euros, with a 4% coupon. Banco Bilbao Vizcaya Argentaria (BBVA) and CaixaBank have acted as placement entities for this issue
With this operation, the Public Treasury covers 78.4% of the medium and long-term issuance program for this year and once again shows its strength in the capital markets, even in the longer terms. The issue also highlights the growing confidence of investors in the recovery of the Spanish economy. The public issuer had already shown in January of this year its availability to execute this type of operations with the objective of contributing to the extension of the average life of the outstanding portfolio and diversifying the investment base, all carried out at competitive prices.
