The balance of the direct debt of the State increased by 0.61% in June compared to May, up to 281,272 million euros, announced this Monday the IGCP – Treasury and Public Debt Management Agency.
As of June 30, 2022, the balance of the State’s direct debt amounted to EUR 281,272 million, increasing by 0.61% compared to May 2022″, indicates the institution, in the monthly bulletin.
The IGCP explains that this variation was mainly due to the increase in the balance of Treasury Bonds by 760 million euros, the increase in the balance of Special Short-Term Stock Certificates (CEDIC) by 626 million euros and the increase in the balance by 511 million euros, which was partially offset by the redemption of the STCP 2007/2022 Bonds for an amount of 100 million euros.
According to the bulletin, the balances of Savings Certificates (CA) and Treasury Certificates (CT) registered an increase of €153 million and a decrease of €110 millionrespectively.
Additionally, the debt stock was reduced by 190 million euros as a result of fluctuations in the exchange rate of most of the debt instruments denominated in a currency other than the euro, valued at the exchange rate of the last day of June”, it indicates.
The IGCP also states that “by incorporating the favorable exchange rate effect of derivative coverage, corresponding to the notional value of swaps of capital coverage, which amounted to 704 million euros in June, the total amount of debt after exchange rate coverage stood at 280,568 million euros, increasing by 0.58% compared to the previous month.
Source: Observadora
