Italy pays highest cost for bonds
ITALY'S borrowing costs on its three-year bonds skyrocketed yesterday to their highest level since December, as concerns about Spain and the state of Europe's economy continued to pummel the country's financial markets.
Italy paid 5.3 percent, up from 3.91 percent last month, to raise 3 billion euros (US$3.76 billion) in three-year money from financial markets. The sale was fully subscribed, but the high rate underscores how investors are increasingly wary of lending to the country as it wallows in a deep recession and sees its debt pile increase.
Italy also auctioned 10-year bonds at a worryingly high rate of 6.13 percent and 15-year bonds at 6.1 percent. It sold a combined total of 1.5 billion euros in the two denominations, the maximum sought.
Italy paid 5.3 percent, up from 3.91 percent last month, to raise 3 billion euros (US$3.76 billion) in three-year money from financial markets. The sale was fully subscribed, but the high rate underscores how investors are increasingly wary of lending to the country as it wallows in a deep recession and sees its debt pile increase.
Italy also auctioned 10-year bonds at a worryingly high rate of 6.13 percent and 15-year bonds at 6.1 percent. It sold a combined total of 1.5 billion euros in the two denominations, the maximum sought.
- 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.