Spain raises about 5.8 bln euros in bond sale

The Spanish Treasury on Thursday raised 5.769 billion euros (6.490 billion U.S. dollars) through the auction of three, five and 10-year bonds, although at increased levels of interest.

Of those, 1.720 billion euros of three year bonds carried an interest rate of 0.499 percent, twice the interest rate of 0.246 percent which was offered in the last auction.

The Treasury also sold 3.218 billion euros of five-year-bonds at an interest rate of 1.243 percent, while the 831 million euros of 10-year-bonds carry an interest rate of 1.918 percent.

The demand for the offer stood at 10.624 billion euros, almost twice the value of the bonds which were finally placed in the market. Endit