A double auction for the reopening of two state bonds attracted very strong investor demand on Wednesday, with offers exceeding 1.3 billion euros.
The Public Debt Management Agency (PDMA) reopened two state bonds, one maturing on June 15, 2028 with an interest rate of 3.875% and another maturing on June 15, 2033 with an interest rate of 4.25%. Offers for the first auction totaled 623 million euros and the yield was set at 2.85%, up from 2.72% in the previous auction in January 2024. Offers for the second bond totaled 711 million euros and the yield was set at 3.32%, down from 3.76% in the previous auction in November 2023.
The agency will raise 400 million euros from the two issues. The settlement date for both bonds is February 21, 2024.
