Neville Prior

Spain Beats Targets on Eurobond Sale

Neville Prior  3 May 2012 11:39:57 AM
Spain, which many investors worry will be the next eurozone country to need help, has successfully sold 2.52bn euros ($3.3bn, £2bn) of debt but at much higher interest rates. The Bank of Spain sold three-year bonds at average yields of 4.04%, up from 2.6% at its last sale on 1 March. The central bank beat its targets for how much to sell.
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