BREAKING NEWS

BREAKING NEWS

Bond auction beats target for Spain

Now Reading:

Bond auction beats target for Spain

Text size Aa Aa

Spain’s treasury has sold 3.9 billion euros of medium and long-term debt, seen as the country’s first step in building funds for a predicted difficult 2013.

The country has to meet a strict deficit target.

The longest-dated bond due at the end of April 2021 sold 1.5 billion euros and was 1.8 times subscribed compared to 2.2 times when it was last sold in December a year ago.