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For 2018, the Spanish Treasury....>

EUROZONE ISSUANCE
EUROZONE ISSUANCE: For 2018, the Spanish Treasury has announced that it targets
E126.3bln of gross medium/long term issuance, down from E139.5bln seen in 2017.
- Note that net issuance of medium/long term Spanish debt is expected to fall
from E48.6bln to E45bln.
- Gross letra issuance should be virtually unchanged at E94bln but is a E5bln
net issuance reduction.
- Spain will continue to use syndications for new bonds with maturities equal or
above 10 years.
- For more details, see
www.tesoro.es/sites/default/files/estrategia/Strategy_EN.pdf

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