SPAIN DEBT AGENCY (TESORO) SELLS TOTAL €5.58B VS. €4.5-5.5B INDICATED RANGE IN 2019, 2024 AND 2026 BONDS
- Sells €2.73B in 2.75% 2019 bono; Avg yield % v 1.991% prior; Bid-to-cover: 1.7x v 1.8x prior; Maximum Yield 1.899% (record low) v 2.004% prior; Tail bps v 1.3bps prior
- Sells €1.63B in 3.80% 2024 bono; Avg Yield % v 3.344% prior; Bid-to-cover: 2.1x v 2.8x prior; Maximum Yield: 3.308% v 3.356% prior; Tail: bps v bps prior
- Sells €1.23B in 5.90% 2026 bono; Avg Yield % v 3.997% prior; Bid-to-cover: 2.22x v 1.41x prior; Max Yield: 3.561% v 4.012% prior; Tail: bps v 3.5bps prior
- Sells €1.63B in 3.80% 2024 bono; Avg Yield % v 3.344% prior; Bid-to-cover: 2.1x v 2.8x prior; Maximum Yield: 3.308% v 3.356% prior; Tail: bps v bps prior
- Sells €1.23B in 5.90% 2026 bono; Avg Yield % v 3.997% prior; Bid-to-cover: 2.22x v 1.41x prior; Max Yield: 3.561% v 4.012% prior; Tail: bps v 3.5bps prior