Arab Today, arab today spain pays sharply higher rates to borrow 348 bn euros
Last Updated : GMT 06:53:52
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Spain pays sharply higher rates to borrow 3.48 bn euros

Arab Today, arab today

Arab Today, arab today Spain pays sharply higher rates to borrow 3.48 bn euros

Madrid - AFP

Spain paid sharply higher borrowing rates in a 3.48-billion-euro ($4.83-billion) bond issue on Tuesday compared to a similar sale in late September, the Bank of Spain said. In the sale, rates on three-month bonds increased to 2.292 percent from 1.692 percent previously and to 3.302 percent from 2.665 percent for six-month bonds in a market still very much affected by the eurozone debt crisis.

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