belgium raises 20 billion euros pays higher rates
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Belgium raises 2.0 billion euros, pays higher rates

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Arab Today, arab today Belgium raises 2.0 billion euros, pays higher rates

Brussels - AFP

Belgium raised 2.0 billion euros in a bond auction Monday, but had to pay higher interest rates despite a weekend deal on the country's 2012 budget after a shock downgrade. In a blow for premier-to-be Elio Di Rupo despite announcing 11.3 billion euros of planned cuts, tax rises and other reforms for 2012, Belgium's national debt agency said that the yield on benchmark 10-year bonds rached 5.65 percent compared to 4.37 percent when last issued on October 31.  

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