Spain adds €97.5bn of net funding in response to Covid-19

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By Burhan Khadbai
26 May 2020

Spain’s economy ministry has announced an update to the sovereign’s 2020 funding programme, which will see it borrow much more than initially announced as it tackles the pandemic.

Spain has announced a net financing need of €130bn for 2020, of which 77.7% will come through medium and long term issues and 22.3% from short term instruments.

The sovereign previously announced a net financing need of €32.5bn for the year. It faces redemptions of €85bn in 2020.

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