The Public Debt Administration conducted an auction for a portion of the issuance of three-year government bonds denominated in euros, initially introduced on January 25th this year. The auction volume totaled 83.9 million euros, featuring a coupon rate of 4.25 percent. Overall, demand at the auction reached 54.73 million euros, leading to the sale of a total of 54,733 government bonds.
These bonds were sold with a yield rate of four percent annually and will mature on January 29, 2027. An annual coupon payment of 4.25 percent will be made every January 29th until the maturity date, as stated by the Public Debt Administration.
Originally, the government aimed to raise a total of 150 million euros through bond issuance during April and May. However, today’s auction resulted in a lower amount. On April 9th, bonds worth 66.2 million euros were sold, while today’s auction saw 54.7 million euros placed. Consequently, this type of state debt increased by 121 million euros during the second quarter.
