Arab Today, arab today italy raises 1225 bn euros at lower rates
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

Italy raises 12.25 bn euros at lower rates

Arab Today, arab today

Arab Today, arab today Italy raises 12.25 bn euros at lower rates

Milan - AFP

Italy raised 12.25 billion euros ($16.44 billion) in an auction of short-term bonds on Monday at lower rates than before, indicating an easing of market tensions for the recession-hit economy. The rate on the six-month bonds was 1.202 percent compared to 1.969 percent in the last similar auction on January 27 and well below the level of more than 6.0 percent reached in November at the height of investor panic over Italy.

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