The balance of the State’s direct debt reached 279,120 million euros in April, 1.10% more than in March, the Treasury and Public Debt Management Agency (IGCP) announced on Thursday.
In the monthly bulletin, released this Thursday, the agency explains that this rise was “mainly” due to the increase in the balance of Treasury Bonds by 3,000 million euros, explained by the syndicated issue of OT 1.65% JUL2032, and the increase of the balance of Treasury Bills for 1,254 million euros.
The IGCP also mentions that these increases were partially offset by the amortization of the series of Variable Income Treasury Bonds (OTRV APRIL 2022) for an amount of 1,000 million euros and by the partial amortization of the loan from the European Financial Stabilization Mechanism (EFSM), in the amount of 500 million euros.
In relation to the CA (Savings Certificates) and CT (Treasury Certificates), the IGCP indicates that their balances in April registered a increase of 79 million euros is a reduction of 43 million eurosrespectively.
“The counterparties of the margin accounts received in the field of financial derivatives registered an increase of 78 million euros”, indicates the IGCP, and adds that “in addition, the stock of debt increased by 151 million euros due to the derivative effect of the exchange rate fluctuations of most of the debt instruments denominated in currencies other than the euro valued at the exchange rate of the last day of April”.
The agency also indicates that “by incorporating the favorable exchange effect of derivative coverage, corresponding to the national value of the swaps of capital coverage, which amounted to 688 million euros in March, the total amount of debt after exchange rate coverage stood at 278,431 million euros, increasing by 1.05% compared to the previous month.
Source: Observadora
