Spain sells 5 bln euros treasury bonds
2013-06-18 17:00:20
The Spanish treasury has successfully placed on Tuesday 5.04 billion euros ($6.74 billion) of treasury bonds on the market, exceeding expectations of between 4 and 5 billion euros, although paying the highest interest rates since February.
The auction experienced a high demand of 12.46 billion euros although it was lower than that of May when the Spanish treasury also sold treasury bonds of 6 and 12-month lifespan.
A total of 1.087 billion euros worth of bonds with a 6-month lifespan carried an average interest rate of 0.821 percent, which is above the 0.492 percent of the auction held in May.
The remaining 3.951 billion euros worth of bonds with a 12-month lifespan fetched an average interest rate of 1.395 percent compared to the previous 0.994 percent of the last auction.
The Spanish treasury will hold another auction on Thursday when it expects to place between 3 and 4 billion euros on the market.