Spanish treasury places 4.172 bln euros of bonds on market
Xinhua, February 19, 2015 Adjust font size:
The Spanish treasury placed treasury bonds valued at 4.172 billion euros (about 4.746 billion U.S. dollars) on the market on Thursday, registering a high demand of 10.237 billion euros.
A total of 1.454 billion euros worth of bonds with a three-year lifespan carried an average interest rate of 0.384 percent, which was below the 0.556 percent of the previous issue.
The placement also included 2.718 billion euros worth of bonds with a 10-year lifespan that fetched an average interest rate of 1.616 percent.
This week, the Spanish treasury has placed 8.645 billion euros on the market at lower interest rates than in previous auctions despite uncertainties surrounding negotiations between the European Union and Greece, which has formally requested an extension of its bailout program.
After the auction, Spain's risk premium fell to 113 points while Spain's 10-year bond interest rate stood at 1.52 percent. Enditem