SPAIN DEBT AGENCY (TESORO) SELLS TOTAL €2.616B VS. €1.5-2.5B INDICATED RANGE IN 2019, 2023 AND 2024 BONDS
- Sells €904.5M in 4.60% July 2019 Bono; Avg Yield 0.875% v 1.402% prior; Bid-to-cover: 2.03x v 2.32x prior; Max Yield 0.896% v 1.412% prior;
- Sells €587.5M in 4.40% Oct 2023 bono; Avg Yield: 1.577% v 1.931% prior; Bid-to-cover: 1.32x v 3.35x prior; Max Yield: 1.588% v 1.941% prior
- Sells €1.12B in 2.75% Oct 2024 bono; Avg Yield 1.731% (record low) v 1.840% prior; Bid-to-cover 1.84x v 2.14x prior; Maximum Yield: 1.752% v 1.850% prior