À l'heure actuelle, le financement en devises joue un rôle complémentaire au financement interne en euros. There are also a number of liquidity back-up instruments, mainly commercial paper and a multicurrency credit line. This weight will be diminishing as the outstanding Issues are maturing.Īs regards strictly foreign-currency debt (before swaps), yen is clearly the predominant currency, followed by Dollar, British Pound and Swiss Franc.īy instruments, negotiable debt -eurobonds and medium-term notes- is predominant, loans being less relevant. Its weight in the total debt stock is around 6% ![]() It is made up mainly of Deutsche Mark and French Franc denominated Eurobonds, issued under euromarket standards. ![]() The weight of the foreign currency denominated Debt with respect to the total Debt is a 2%.īesides, there is a stock of international debt denominated in euro and euro-legacy currencies (Deutsche Mark and French Franc) English to French: Euro denominated Treasury SecuritiesĪt present, the foreign funding plays a complementary role to domestic funding in euros.Īpart from the possibility of achieving attractive funding levels through arbitrage opportunities, one of the main objectives is maintaining the relationship with the global investor base that buys Spanish Bonds but is still not a regular player in the Spanish Government Debt market.
0 Comments
Leave a Reply. |