The Spanish Treasury will kick off its 2025 issuance program next week with auctions of new government bills and bonds. According to the issuance targets published on Friday, the Treasury hopes to raise between €11.25 billion and €13.75 billion.
This information comes from a press release by Europa Press, a Spanish news agency. While the full details of the issuance are not available in the provided excerpt, it offers a glimpse into the Spanish government's borrowing plans for the year.
Here's what we can glean from the snippet:
Issuance type: The Treasury will issue new letras (bills) and bonos (bonds). Bills typically have shorter maturities (less than one year) compared to bonds.
Target issuance range: The Treasury aims to raise between €11.25 billion and €13.75 billion.
Timing: The auctions will take place next week.
Additional Information to Consider Including (if available):
Specific breakdown of issuance: How much will be raised through bills and bonds, respectively?
Maturity breakdown: What will be the range of maturities offered for the bonds?
Reasons for issuance: Why is the government borrowing money? Is it to finance a budget deficit, specific projects, or to manage debt?
By incorporating this additional context, you can create a more comprehensive news article about the Spanish Treasury's issuance plans.
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