The State’s issuance of one and 10-year bonds has raised a total of €153.47 million in two days, says the Debt Agency.
On the campaign’s first day, 5 September, over €73.5 million was already raised. The second day saw the Debt Agency record €62.69 million in subscriptions through placement institutions (such as banks), along with 3,238 registrations (worth €90.78 million) via the Debt Agency's "Grand Livres" service.
The cumulative total of €153.47 million will only be confirmed once all payments have been received, which are due by 13 September at the latest.
Investor interest was predominantly focused on the one-year bond, offering a gross coupon of 2.75% (net interest rate of 1.925%), raising a total of €144.77 million. In comparison, the 10-year bond (coupon of 2.8%, net interest rate of 1.96%) raised €8.7 million.
Subscription to the new State bonds began on Thursday 5 and runs until 13 September (or 12 September for those who register directly via the Grands Livres service).
