- The obligation matures in October 2064 and pays a coupon of 4%
- The Treasury already covers 78.4% of the forecast for the whole year
The Public Treasury has issued the first 50-year Government Obligation through a private placement maturing on October 31, 2064. The volume placed has risen to 1 billion euros, with a 4% coupon. Banco Bilbao Vizcaya Argentaria (BBVA) and CaixaBank have acted as placement agents for this issue
With this operation, the Public Treasury covers 78.4% of the medium and long-term issuance program for this year and shows once again its strength in the capital markets, even in the longest 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 this year its availability to execute this type of operations with the aim of contributing to lengthening the average life of the outstanding portfolio and diversifying the investment base, all carried out at competitive prices.
