euro bailout bond attracts strong demand
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Euro bailout bond attracts strong demand

Arab Today, arab today

Arab Today, arab today Euro bailout bond attracts strong demand

Frankfurt - AFP

There was strong demand for an issue of short-term bonds by the eurozone's bailout fund, the EFSF, data published by Bundesbank showed on Tuesday. The European Financial Stability Facility raised 1.972 billion euros ($2.6 billion) from an issue of three-month bills, the German central bank said in a statement. With investors bidding for a total 6.286 billion euros in bills, the issue was oversubscribed by more than three times. The weighted average yield on the issue was 0.222 percent.  

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