Resolution of August 1, 2013, by the Secretary General of the Treasury and Financial Policy updating financial prudence limits for autonomous communities' debt operations under the ICO-CCAA 2012 line and Autonomous Liquidity Fund

OFFICIAL BULLETIN OF THE STATE
No. 187 Tuesday, August 6, 2013 Sec. I. Page 57220
I. GENERAL PROVISIONS
MINISTRY OF ECONOMY AND COMPETITIVENESS
8663 Resolution of August 1, 2013, by the Secretary General of the Treasury and Financial Policy, updating the annex included in the Resolution of March 4, 2013, defining the financial prudence principle applicable to the debt operations of common-regime autonomous communities and cities with autonomous statute that opt for the direct ICO-CCAA 2012 financing line and the Autonomous Liquidity Fund.

The Resolution of March 4, 2013, by the Secretary General of the Treasury and Financial Policy, defining the financial prudence principle applicable to the debt operations of common-regime autonomous communities and cities with autonomous statute that opt for the direct ICO-CCAA 2012 financing line and the Autonomous Liquidity Fund, establishes in its third article that «the maximum total cost of debt operations, including commissions and other expenses, may not exceed the fixed rates or maximum spreads applicable, which shall be published monthly by Resolution of the Secretary General of the Treasury and Financial Policy. The published maximum costs shall remain in force until new costs are published».

In accordance with this obligation to monthly update the applicable maximum fixed rates or spreads, a new annex is published that will replace the annex included in the Resolution of March 4, 2013, and the last update published in the Resolution of June 28, 2013, by the Secretary General of the Treasury and Financial Policy.

Madrid, August 1, 2013.–The Secretary General of the Treasury and Financial Policy, Iñigo Fernández de Mesa Vargas.

ANNEX
Maximum spreads applicable for August 2013 for the purposes of compliance with paragraph three of the Resolution of March 4, 2013, by the Secretary General of the Treasury and Financial Policy

Operation life (months)	Maximum fixed rate	Maximum spread over 12-month EURIBOR	Maximum spread over 6-month EURIBOR	Maximum spread over 3-month EURIBOR	Maximum spread over 1-month EURIBOR
1	2.72	275
2	2.79	275
3	2.90	272	283
4	3.05	284	296
5	3.19	297	309
6	3.29	296	307	318
7	3.37	303	314	326
8	3.44	309	320	331
9	3.54	317	328	340
10	3.60	321	332	344
11	3.61	321	331	343
12	3.67	314	325	336	348
13	3.78	324	336	346	358
14	3.90	335	346	357	369
15	4.01	345	357	367	379
16	4.05	348	359	369	381
17	4.08	351	361	372	383
18	4.11	354	363	374	386
19	4.24	362	374	384	396
20	4.36	371	384	394	406
21	4.46	382	393	404	415
22	4.53	388	399	410	422
23	4.60	395	406	416	428
24	4.67	401	412	423	434
25	4.73	405	416	427	438
Term ≥ 26	4.75	422	441	452	462

cve: BOE-A-2013-8663

OFFICIAL BULLETIN OF THE STATE
No. 187 Tuesday, August 6, 2013 Sec. I. Page 57221 cve: BOE-A-2013-8663 http://www.boe.es OFFICIAL BULLETIN OF THE STATE D. L.: M-1/1958 - ISSN: 0212-033X