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Spanish treasury sells 4.51 bln euros on market

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(Globalpost/GlobalPost)

MADRID, July 3 (Xinhua) -- The Spanish treasury on Thursday placed treasury bonds worth 4.51 billion euros (6.15 billion U.S. dollars) on the market, registering a high demand of 6.62 billion euros.

A total of 3.64 billion euros of five-year treasury bonds carried an average interest rate of 1.568 percent, while the remaining 863 million euros worth of 30-year treasury bonds fetched an average interest rate of 4.043 percent.

The figure was below the 4.5 percent interest rate of the previous auction of 30-year treasury bonds and the lowest rate since 2006.

So far, the Spanish treasury has placed around 90.9 billion euros of medium and long-term debt on the market, which represented 70.2 percent of the total amount predicted for the year. (1 euro = 1.36 U.S. dollars)

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140703/spanish-treasury-sells-451-bln-euros-market