Related News
Spain raises US$5.3b
Source: Agencies |
December 22, 2010, Wednesday
|
Print Edition
Print Edition
SPAIN raised nearly 4 billion euros (US$5.3 billion) yesterday in an oversubscribed auction of three- and six-month bonds, as Parliament prepared to pass an austere 2011 budget designed to shore up public finances.
Finance Minister Elena Salgado insisted that Spain will have no financing troubles next year, aiming to quell market fears that Spain might follow Greece and Ireland in needing a bailout. The government also released figures showing its deficit-reducing austerity measures and tax hikes are working.
In the last auction of this year, Spain's Treasury yesterday sold 3 billion euros in three-month bonds at an average interest rate of 1.8 percent. It also sold 877 million euros in six-month bonds at an average interest rate of 2.6 percent.
Finance Minister Elena Salgado insisted that Spain will have no financing troubles next year, aiming to quell market fears that Spain might follow Greece and Ireland in needing a bailout. The government also released figures showing its deficit-reducing austerity measures and tax hikes are working.
In the last auction of this year, Spain's Treasury yesterday sold 3 billion euros in three-month bonds at an average interest rate of 1.8 percent. It also sold 877 million euros in six-month bonds at an average interest rate of 2.6 percent.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
