|
The Spanish treasury has unveiled a plan to revamp the country’s capital markets in an attempt to attract new investors and cut the cost of borrowing. The scheme involves modernizing the municipal bond market and is one of a series of reforms designed to increase Spain’s chances of joining the first wave of European monetary union. “We are considering the introduction of floating-rate notes,” says treasury director general Jaime Caruana. “We started issuing short-term six-month letras (T-bills) in September and investors now have an auction calendar that reflects market demand on a regular basis. |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
