Resolution of May 12, 2022, of the General Directorate of

summary

Order ETD/18/2022, of January 18, by which the creation of State Debt during August 2022 and January 2023 and the standardized Collective Action Clauses are collected, establishes, in its article 13.1, the mandatory publication in the Official State Gazette of the results of the auctions through Resolution of the General Directorate of the Treasury and Financial Policy.

Once the Treasury Bills auctions have been called to be held during August 2022 and January 2023, by Resolution of the General Directorate of the Treasury and Financial Policy of January 21, 2022, and once the three-and-a-half Bills auctions have been resolved, new months called for May 10, 2022, it is necessary to make the result public.

Consequently, this Directorate General makes public:

• 1. Three-month Treasury Bills:
  • a) Issue and redemption dates of the Treasury Bills that are issued:
    • – Issue date: May 13, 2022.
    • – Amortization date: August 12, 2022.
  • b) Nominal amounts requested and awarded.
    • – Requested nominal import: 1.646,525 million euros.
    • – Nominal amount awarded: 405.600 million euros.
  • c) Prices and effective interest rates:
    • – Maximum interest rate accepted: -0,478 per 100.
    • – Weighted average interest rate: -0,491 percent.
    • – Price equivalent to the maximum accepted interest rate: 100.121 per 100.
    • – Price equivalent to the weighted average interest rate: 100,125 percent.
  • d) Amounts to pay for accepted applications:

    type of interest

    requested (%)

    nominal import

    (millions of euros)

    award price

    (%)

    Competitive Items:-0.47870,000100,121-0.48020,300100,122-0.485165,000100,123-0.49025,000100,124-0,500 and below125,300100,125

    In accordance with the provisions of article 12.4.d) of order ETD/18/2022, the non-competitive requests submitted to this auction have not been accepted, as the weighted average interest rate was negative.

  • e) Second round:

    There have been no requests for the second round of this auction.
• 2. Nine-month Treasury bills.
• 3. Although the prices of competitive and non-competitive applications, including second rounds, are published with three decimal places, for the purposes of calculating the amount to be paid for the nominal amount awarded in each application, the prices are applied with all decimal places, as established in article 12.4.b) of Order ETD/18/2022.