IGCP places 1.25 billion on the market at seven and 20 years at rates of 2.716% and 3.753%

Today, the IGCP placed 1.25 billion euros, equal to the maximum indicative global amount, in Treasury Bonds (OT) of around seven and 20 years at interest rates of 2.716% and 3.753%, respectively, with demand almost doubling supply.

The Treasury and Public Debt Management Agency – IGCP announced that it wanted to issue between 1,000 and 1,250 million euros. However, according to the IGCP – Treasury and Public Debt Management Agency page on Bloomberg, in “OT 1.65% 16Jul2032” (around seven years) 548 million euros were placed today at an interest rate of 2.716% and demand reached 1,079 million euros, 1.97 times the amount placed, and in “OT 4.1% 15Feb2045” (around 20 years) the IGCP placed 702 million euros at a rate of 3.753%. Demand for 20-year OT reached 1,348 million euros, 1.92 times the amount placed.

The IGCP had not yet held OT auctions with these maturities this year.

In the previous OT auction, on April 9, the IGCP placed 1,047 million euros, below the maximum indicative global amount, in 5- and 12-year OT at interest rates of 2.347% and 3.416%, respectively. In the “OT 3.875% 15 Feb 2030” (approximately five years), 461 million euros were placed at an interest rate of 2.347% and demand reached 1,041 million euros, 2.26 times the amount placed. In the “OT 4.1% 15 Apr 2037” (approximately 12 years), the IGCP placed 586 million euros at a rate of 3.416%. Demand for 12-year OT amounted to 1,179 million euros, 2.01 times the amount placed.