Sat. Apr 20th, 2019

The Basque Government issues 150 million euros in bonds at 2.35% interest

The Basque Government issues 150 million euros in bonds at 2.35% interest



The Basque Government has carried out an issue of public debt amounting to 150 million euros in bonds with an annual nominal interest of 2.35%, with payment on April 11 of each year.

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The Official Bulletin of the Basque Country publishes this private placement on Monday with a listing on the Bilbao Stock Exchange, which will have an effective date of issue on April 11.

The unit value of the bonds will be 1,000 euros and the disbursement of the subscription, the payment of interest and the amortization of the issue will be made through the Basque securities agency Norbolsa and the Management Company of Registration Systems, Compensation and Liquidation of Securities.

The Council of Ministers authorized the Basque Country on March 15 to formalize long-term loans and issue public debt for a maximum amount of 806 million euros.

The authorization to carry out these credit operations is intended to cover part of the maturities of public debt both for the year and anticipated, so that the debt formalized up to that amount will not increase the indebtedness of the Basque Country at the end of the year.

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