Spanish treasury places over 4 bln euros on market
Xinhua, January 16, 2015 Adjust font size:
The Spanish treasury placed on Thursday treasury bonds worth 4.676 billion euros (5.420 billion U.S. dollars) in the second auction of the year, paying lower interest rates than in previous issuance.
The treasury registered a demand of more than 11.250 billion euros.
A total of 1.556 billion euros worth of three-year treasury bonds carried an average interest rate of 0.556 percent, below the 0.584 percent of the previous auction held in December.
A further 1.760 billion euros worth of five-year treasury bonds fetched an average interest rate of 0.849 percent, falling from the previous 0.928 percent. Meanwhile, the remaining 1.360 billion euros worth of seven-year lifespan carried an average interest rate of 1.47 percent.
So far, the Spanish treasury has placed 9.691 billion euros on the market, which accounted for 6.8 percent of the country's financial needs for 2015. Endit