Spain Raises US$5b In Auction
Source: Agencies |
December 2, 2011, Friday
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Print Edition
Print Edition
SPAIN easily raised 3.75 billion euros (US$5 billion) in a bond auction yesterday that attracted strong demand, but at a higher cost, amid huge uncertainties caused by the eurozone debt crisis.
The three kinds of bonds auctioned mature in 2015, 2016 and 2017. In all three cases, demand surpassed supply by more than 2.5 times, while the average interest rate was between 5.2 and 5.5 percent.
The three kinds of bonds auctioned mature in 2015, 2016 and 2017. In all three cases, demand surpassed supply by more than 2.5 times, while the average interest rate was between 5.2 and 5.5 percent.
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