Short term auction (Letras): 3 December 2024
Treasury General of the State
Announcement
In accordance with article 75 of Law 47/2003, of 26 November, on the General State Budget, and articles 108 and following of Royal Decree 1030/2002, of 20 December, approving the Regulation of Public Debt Securities Management, it is hereby announced that a short-term Letras auction will be held on 3 December 2024, in accordance with the following terms:
Nominal amount of the issue: * 1,200 million euros.
Value date: * 4 December 2024.
Maturity date: * 3 June 2025.
Coupon: * Variable, payable two times a year, 3 June and 3 December (Act/360).
Minimum bid: * 1,000 euros.
Interest payment method: * Discount rate applied to the nominal value.
Form of issue: * Book entry in the accounts of the Banco de España.
Subscription period: * From 10:30 to 11:30 hours on 3 December 2024.
Settlement date: * 4 December 2024.
Bidding: * Competitive bids (not subject to preferential allotment), with a single interest rate bid (expressed as a percentage).
Allotment criteria: * Bids will be accepted in full up to the nominal amount of the issue.
Publication of the results: * The results of the auction will be published on the website of the Treasury General of the State (www.tesoro.es) on the same day of the auction.
Additional information: * This Letras issue is part of the State’s financing programme, approved by the Council of Ministers on 20 December 2023. * The proceeds of the auction will be used to finance the State’s general budget needs.
Madrid, 3 December 2024
The Secretary General of the Treasury and Financial Policy
Carlos Cuerpo Caballero
Short term auction (Letras): 3 December 2024
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