Tesoro sold E4.024bln vs target E3.0bln-E4.0bln

- E1.528bln of 2.75% Mar 2015 Bono, cover 2.96 vs 4.01 previous

- E1.009bln of 3.30% July 2016 Bono; cover 2.39 vs 2.24 previous

- E1.487bln of 4.40% Oct 2023 Obligaciones; cover 2.52

Tesoro releases further auction results:

- Sold 2.75% Mar 2015 Bono at avg yield 1.903% vs 2.28% prev

- Sold 3.30% July 2016 Bono at avg yield 2.706% vs 2.44% prev

- Sold 4.40% Oct 2023 Obligacion; avg yield 4.517% vs 4.452% Prev.

Tail calculations:

- 2.75% Mar 2015 Bono; 2.5bps vs 3.1bps prev

- 3.30% Jul 2016 Bono; 2.6bps vs 3.0bps prev

- 4.40% Oct 2023 Obligacion; 1.9bps