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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access5-year Bono / 8/20- year Oblis
- Spain will come to the market this morning to issue E4.0-5.0bln of the 5-year 0% Jan-27 Bono and the 10/20-year Oblis (0.50% Apr-30, 1.20% Oct-40).
- On offer will be:
- 0% Jan-27 Bono. ISIN: ES0000012J15
- 0.50% Apr-30 Obli. ISIN: ES0000012F76
- 1.20% Oct-40 Obli. ISIN: ES0000012G42
- Auction history: The 0% Jan-27 Bono was launched via conventional auction on October 21 last year, replacing the previous 5-year Bono (the 0% Jan-26). The initial auction issued E3.37bln at an average yield of -0.089%, resulting in a bid-to-cover of 1.35x. The bono has since been reopened once in November, where E1.49 was allotted at an average yield of -0.114% and bid-to-cover of 1.62x.
- Today’s auction will see the seventh reopening of the 0.50% Apr-30 Obli, which was launched via syndication on January 14 2020, issuing E10bn. Since later 10-year benchmarks have launched, the 0.50% Apr-30 Obli has not been reopened. The most recent reopening was on June 4, 2020, where E2.35bln was issued at an average yield of 0.550% and bid-to-cover of 1.44x.
- The benchmark 20-year 1.20% Oct-40 Obli was launched via syndication in June 2020 for E12bln with books of E78bln and has since been tapped three times seeing issuance of E1.36-1.75bln. The last reopening of the Obli was on Jun 3, 2021, selling E1.59bln at a higher average yield of 1.144% resulting in a bid-to-cover of 1.68x.
- Timing: Results will be available shortly after the auction closes at 9:30GMT / 10:30CET.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.