Spanish treasury places 4.465 bln euros on market

The Spanish treasury placed on Tuesday treasury bills valued at 4.465 billion euros (4.747 billion U.S. dollars) on market at negative interest rates and registering a demand of almost 11 billion euros.

A total of 3.515 billion euros worth of 12-month treasury bills carried an average interest rate of -0.049 percent, which was below the 0.014 percent of the last auction held in October.

The placement also included 950 million euros worth of six-month treasury bills that fetched an average interest rate of -0.098 percent compared to the -0.007 percent of the previous issue held last month.

The treasury will hold another auction on Thursday when it will try to sell between 3 and 4 billion euros.

So far, the Spanish treasury has placed around 129.5 billion euros of medium and long term debt on the market, which represented 93.2 percent of the country's financial goals for the year. (1 euro = 1.06 U.S. dollars) Endit