Tuesday, November 21, 2017
 
 
News: Page (1) of 1 - 07/17/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Spain borrowing rates drop in short-term debt sale
Spain sees robust demand, pays sharply lower interest rates in short-term debt sale
By The Associated Press

MADRID (AP) Spain has raised 3.6 billion ($4.4 billion) in short-term debt at significantly lower interest rates in the first debt auction since the government announced a big new austerity package.

The Treasury sold 2.6 billion in 12-month bills at an average interest rate of 3.9 percent, down from 5.07 percent in the last such auction on June 19. It also sold 961 million in 18-month bills at a rate of 4.24 percent, down from 5.10 percent that same day.

Demand exceeded supply by more than two and nearly four times, respectively.



The auction was closely watched: it was the first since the government announced a 65 billion deficit-cutting austerity package last week. Spain's banks are being bailed out and the government is trying to avoid needing rescue aid itself.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines