resurgent spain enjoys negative 5year borrowing rates
Last Updated : GMT 06:49:16
Arab Today, arab today
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Last Updated : GMT 06:49:16
Arab Today, arab today

Resurgent Spain enjoys negative 5-year borrowing rates

Arab Today, arab today

Arab Today, arab today Resurgent Spain enjoys negative 5-year borrowing rates

Spain central bank
Madrid - Arab Today

Spain on Thursday enjoyed negative interest rates on its medium-term debt for the first time since a crippling economic crisis, the central bank said, a key sign of recovery just three years after it came close to a bailout.

The Treasury sold 885 million euros ($1.0 billion) in five-year bonds at an average rate of return of minus 0.286 percent. That indicated investors were so confident in Spain's financial strength that they were willing effectively to pay to hold the bonds.

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resurgent spain enjoys negative 5year borrowing rates resurgent spain enjoys negative 5year borrowing rates

 



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