IGCP schedules two auctions of short-term debt for the end of 2022

  • ECO News
  • 6 October 2022

The agency's schedule for the last quarter includes two issues of Treasury Bills with a total value of up to €1,750 million.

The schedule presented on Thursday by the Treasury and Public Debt Management Agency (IGCP) for the last three months of the year includes the issuance of Government Bonds via auctions, with an expected issuance amount between €750 and €1,000 million per auction and also Treasury Bills (TBill).

According to the notice published Thursday, the first operation with these TBills will start on October 19, with an indicative amount of €500 to €750 million and 11-month maturity. The reopening of a six-month and a 12-month line is scheduled for November 16, for a combined amount of between €750 and €1,000 million.

As for the Government bond auctions, the IGCP states that they “will have the participation of the Primary Dealers (OEVT) and Other Auction Participants (OMP) and can be held on the 2nd or 4th Wednesday of the month, after the announcement of the indicative amount and the PGB to be tapped up to three days before the respective auction date”.