Juan Esquer explained the issuing of 6.100 million Tresury Bills at the lowest interest rate since November

The Tresury issued 6,100 million euros in 12 and 18 month bills today with the lowest interest since November, 2010, and received an overwhelming response with demand triple the amount placed.

Juan Esquer, partner at GBS Finance, explained that the result of the two auctions today, in Spain and Greece, went very well, remembering that in previous days the country had raised its risk premium, measured by the difference in domestic and German national bonds for the same time period.

This is due to the investors’ interest for higher return, and explains why in recent days the spread exceeded 215 basis points while the previous week it had not exceeded 200 points.

OFFICIAL STATEMENT – IDENTITY THEFT ALERT

Madrid, October 22, 2025

Capital Markets AV SA, a regulated entity and part of the GBS Finance Group, hereby informs that we have detected an attempt at identity theft through the unauthorized use of our name and the creation of a fraudulent website falsely claiming to represent our firm.

We would like to state that no security breach has occurred in our systems or official communications. This fraudulent attempt was carried out by third parties unrelated to our organization, with the aim of misleading potential investors or clients.

In response to this situation, we have taken the following actions:

  • Filed a formal complaint with the National Securities Market Commission (CNMV) and the competent authorities.
  • Activated our internal reputation protection protocols and initiated cooperation with specialized cybersecurity organizations.

We strongly recommend that all our clients, partners, and the general public:

  • Always verify that communications originate from our official channels.
  • Do not provide personal information or make payments if there is any doubt regarding the legitimacy of the contact.
  • Report any suspicious activity to the following email address: gbs@gbsfinance.com

 

All official information regarding our activities is available exclusively through our corporate channels. We appreciate your cooperation and reaffirm our commitment to transparency, security, and the protection of our clients.

Capital Markets AV SA
GBS Finance