Treasury Bills (Letras del Tesoro): Who Qualifies and What You Get
Learn how Treasury Bills work in Spain, including how they pay interest and the risks of selling them before they mature.
Treasury Bills are low-risk investment tools that allow you to lend money to the government for a set period in exchange for a return.
Who it's for
This scheme is open to any individual, whether you live in Spain or abroad.
What you get
You receive a low-risk fixed income. Instead of receiving interest payments at the end, the interest is paid to you upfront.
What it costs you
There are minimal fees involved, which are processed through the official central bank portal.
The catch to know
If you need to access your money before the investment period is finished, you may find it difficult to sell your position quickly. This is because the secondary market can be illiquid, meaning there may not be a buyer ready when you want to exit.
How to apply
- Visit the official government portal to view upcoming auctions.
- Follow the instructions to participate in the bidding process.
- Manage your investment through the designated banking portal.