SPAIN DEBT AGENCY (TESORO) SELLS TOTAL €3.51B VS. €2.5-3.5B INDICATED RANGE IN 2017, 2020 AND 2024 BONDS
- Sells €1.24B in 0.50% 2017 bono bond; Avg Yield: 0.584% v 0.638% prior; Bid-to-cover: 2.94x v 3.28x prior; Maximum Yield: 0.595% v 0.677% prior
- Sells €1.0B in 1.40% 2020 bono; Avg Yield 0.946% (record low) v 1.060% prior; Bid-to-cover 2.75x v 2.77x prior; Maximum Yield: 0.959% v 1.084% prior
- Sells €1.27B in 2.75% 2024 bono; Avg Yield 1.840% (record low) v 2.123% prior; Bid-to-cover 2.19x v 2.98x prior; Maximum Yield: 1.850% v 2.148% prior