The three US dollar global bonds are popular with investors. The requests received from over 250 international operators have exceeded the threshold of 18 billion euros. Overall, the Treasury placed bonds worth 7 billion.
The first $2,5 billion bond has a five-year maturity on October 17, 2024, entitlement October 17, 2019 and an interest rate of 2,375%, paid in two six-monthly coupons.
According to ministry data, approximately 167 investors participated in the operation for a total demand of over 6,7 billion dollars. By type of investor, asset managers covered 50% of demand, followed by banks with 26%, hedge funds with 9%, central banks and other government institutions with 7%, while insurance companies and pension funds remained at the 4%.
The second bond was worth $2 billion, duration of ten years with maturity on October 17, 2029 and annual coupon of 2,875%. Approximately 194 investors participated in the operation for a total demand of over 6,3 billion dollars.
La distribution by type of investor it saw asset managers at 41%, banks at 30%, hedge funds at 10%, central banks and other government institutions at 7%, and insurance companies and pension funds at 6%.
Finally, the third bond still worth 2,5 billion dollars with an annual coupon of 4% and a thirty-year maturity on October 17, 2049. The Treasury announced that around 173 investors took part in the operation for a total demand of over 5,2 billion dollars.
The distribution by type of investor has changed significantly compared to the results of previous bonds: insurance and pension funds at 42%, asset managers at 33%, banks at 11%, hedge funds at 10%, and central banks and other government institutions 2 %.
The placement was carried out through the establishment of a syndicate composed of Barclays Bank PLC, HSBC Bank plc and JP Morgan Securities plc as lead manager, while all other government bond specialists acted as co-lead manager of the deal.
