Wednesday, December 05, 2012 6:17 am
Spain pays mostly lower rates in debt sales
The Associated Press
The Treasury sold (EURO)1.12 billion in benchmark 10-year bonds Wednesday at an average interest rate of 5.29 percent, down from 5.46 percent in the last such auction Oct. 18.
It paid 3.39 percent, down from 3.62 percent, to sell (EURO)2.12 billion in three-year bonds.
The department sold (EURO)1 billion in bonds maturing in 2019, but at a yield of 4.67 percent, up from 4.54 percent.
Demand averaged twice the amount offered.
Recession-hit Spain says it must know all the conditions before requesting an international aid program for its public finances.