Spanish treasury places 2.934 bln euros on market at negative interest rates
Xinhua, March 16, 2016 Adjust font size:
The Spanish treasury placed treasury bills with a value of 2.934 billion euros (3.258 billion U.S. dollars) on the market on Tuesday at negative interest rates.
A total of 2.373 billion euros worth of nine-month treasury bills carried an average interest rate of -0.068 percent compared to the -0.017 percent of the previous issue.
The placement also included 561 million euros worth of three-month treasury bills that fetched an average interest rate of -0.281 percent compared to the -0.214 percent of the previous issue held in February.
So far, the Spanish treasury has placed 37.2 billion euros of medium and long-term debt on the market, which represents 29.7 percent of 2016 Spain's financial goals of the year. The treasury will hold another auction on Thursday. Endit