Spain raises nearly $4.3b in oversubscribed bond auction
Friday, 18 June 2010
MADRID, June 17 (AP): Spain has raised nearly $4.3 billion in an oversubscribed auction of 10- and 30-year Treasury bonds, although at sharply higher interest rates.
The Treasury sold euro3 billion in 10-year bonds Thursday at an average interest rate 4.86 per cent, up from 4.045 in the last auction in May.
It sold euro479 million in 30-year bonds at an average interest rate of 5.9 per cent, up from 4.8 per cent in March.
The Treasury had hoped to issue between euro2.5 billion and euro3.5 billion in long-term debt.
The Treasury sold euro3 billion in 10-year bonds Thursday at an average interest rate 4.86 per cent, up from 4.045 in the last auction in May.
It sold euro479 million in 30-year bonds at an average interest rate of 5.9 per cent, up from 4.8 per cent in March.
The Treasury had hoped to issue between euro2.5 billion and euro3.5 billion in long-term debt.