SPAIN DEBT AGENCY (TESORO) SELLS TOTAL €5.29B VS. €4.0-5.0B INDICATED RANGE IN 2019 AND 2028 BONDS
- Sells €3.53B in new 2.75% Apr 2019 Bono; Avg yield 2.382% v 2.697%; Bid-to-cover: 1.8x v 2.72x prior; Maximum Yield 2.411% (record EU low) v 2.722% prior; Tail 2.9bps
- Sells €1.76B in 5.15% Oct 2028 Bono; Avg Yield 4.192% v 4.809% prior; Bid-to-cover: 2.7x v 2.73x prior; Max Yield 4.198% v 4.829% prior; Tail: 0.6bps v 2.0bps prior
- Sells €1.76B in 5.15% Oct 2028 Bono; Avg Yield 4.192% v 4.809% prior; Bid-to-cover: 2.7x v 2.73x prior; Max Yield 4.198% v 4.829% prior; Tail: 0.6bps v 2.0bps prior