Arab Today, arab today spain places 10year bonds at 5666 percent
Last Updated : GMT 06:43:46
Arab Today, arab today
Arab Today, arab today

Spain places 10-year bonds at 5.666 percent

Arab Today, arab today

Arab Today, arab today Spain places 10-year bonds at 5.666 percent

Madrid - AFP

Spain borrowed 4.799 billion euros ($6.25 billion) in bond auctions on Thursday, paying sharply reduced interest rates for the critical long maturity of 10 years. Spain, fighting to avoid having to seek rescue funding, placed its 10-year bonds at an average rate of 5.666 percent, down from 6.647 percent at the last such auction on August 2. A rate of below 6.0 percent is considered important for Spain, since borrowing rates above this level are seen as being unsustainably expensive. Borrowing rates for eurozone countries in trouble have fallen sharply on the market for existing government debt since the European Central Bank said on September 6 that it would buy unlimited quantities of eurozone debt. But the ECB said that such help would depend on the countries concerned appealing for rescue funding and accepting consequent conditions for structural reforms, which Spain is reluctant to do. Spain set out on Thursday to issue three-year and 10-year bonds to raise 3.5-4.5 billion euros. Total demand for the bonds amounted to 8.6 billion euros. The debt managers chose to raise 3.940 billion euros with the three-year issue and 859 million euros with the 10-year issue. The average rate for the three-year maturity was 3.845 percent. At the last similar issue on September 6, the rate was 3.676 percent. The issue of bonds with a life of 10 years is seen as a critical test. Countries fund their debt and investment programmes mainly with long-term debt, rather than with more expensive short-term debt which has to be rolled over frequently. The risk of lending for 10 years is, in normal circumstances, higher than the risk of lending for shorter maturities such as three years, and in the eurozone the benchmark bond by which other bonds and yields are measured is the 10-year German bund. The situation of the Spanish debt market is watched closely by investors since Spain has the fourth-biggest economy in the eurozone. Since June, Spain has been promised 100 billion euros of help to refinance its banking system which has been under severe strain since a property bubble collapsed in 2008.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain places 10year bonds at 5666 percent Arab Today, arab today spain places 10year bonds at 5666 percent

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spain places 10year bonds at 5666 percent Arab Today, arab today spain places 10year bonds at 5666 percent

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday