Arab Today, arab today spain pays higher rates in 449 bln euro bond sale
Last Updated : GMT 06:37:29
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Spain pays higher rates in 4.49 bln euro bond sale

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Arab Today, arab today Spain pays higher rates in 4.49 bln euro bond sale

Madrid - AFP

Spain paid sharply higher borrowing rates to raise 4.49 billion euros ($6.2 billion) in a bond sale on Wednesday in the midst of market turmoil over a feared Greek default. The Treasury auctioned 1.562 billion euros of two-year bonds and 2.928 billion euros of five-year bonds, meeting its money-raising target but only at much higher yields, a Bank of Spain report showed.  

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