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Spain raises 4.7 bn euros in bond auction at lower rates

Spain raised 4.714 billion euros ($6.189 billion) via the sale of medium- and long-term bonds on Thursday at lower interest rates, a sign of improved investor sentiment regarding the country's ability to manage its finances. The Treasury sold 1.29 billion euros worth of 10-year bonds at an average yield of 4.612 percent, down from 4.898 percent at the last similar auction on March 21. It was the lowest yield on Spanish 10-year bonds since September 2010 when the rate hit 4.144 percent.

Daimler makes 2.2 bn euros on sale of EADS stake

German automaker Daimler said Wednesday it pocketed 2.2 billion euros ($2.9 billion) from the sale of its remaining 7.5-percent stake in the European aerospace and defence group EADS. "Daimler received gross proceeds of about 2.2 billion euros from the offering and, following the offering, does not hold any residual shares in EADS," the group said in a statement. The news sent shares in EADS soaring on the Paris stock exchange, while those in Daimler slumped lower in Frankfurt.

Slovenia raises 1.1 billion euros in treasury bills

Slovenia raised 1.1 billion euros ($1.4 billion), over twice what was expected, at a treasury bill auction on Wednesday, despite speculation the eurozone country could be the next in line for bailout. The country sold the 18-month treasury bills at an average interest rate of 4.15 percent, 0.16 percentage points higher than at the last auction of 18-month bills in December 2011, the finance ministry said in a statement. The ministry had initially expected to raise only about 500 million euros to refinance a previous emission of treasury bills that will come due in June.

Daimler makes 2.2 bn euros on sale of EADS stake

German automaker Daimler said Wednesday it pocketed 2.2 billion euros ($2.9 billion) from the sale of its remaining 7.5-percent stake in the European aerospace and defence group EADS. "Daimler received gross proceeds of about 2.2 billion euros from the offering and, following the offering, does not hold any residual shares in EADS," the group said in a statement. Shares in EADS soared by almost 4.0 percent in midday trades on the Paris stock exchange, while those in Daimler was sharply lower in Frankfurt.

Daimler makes 2.2 bn euros on sale of EADS stake

German automaker Daimler said Wednesday it pocketed 2.2 billion euros ($2.9 billion) from the sale of its remaining 7.5-percent stake in the European aerospace and defence group EADS. "Daimler received gross proceeds of about 2.2 billion euros from the offering and, following the offering, does not hold any residual shares in EADS," the group said in a statement. Shares in the group soared by more than 4.0 percent in morning trades on the Paris stock exchange. As announced the day before, Daimler put up 61.1 million EADS shares for sale at 37 euros apiece.

Daimler makes 2.2 bn euros on sale of EADS stake

German automaker Daimler said Wednesday it pocketed 2.2 billion euros ($2.9 billion) from the sale of its remaining 7.5-percent stake in the European aerospace and defence group EADS. "Daimler received gross proceeds of about 2.2 billion euros from the offering and, following the offering, does not hold any residual shares in EADS," the group said in a statement. As announced the day before, Daimler put up 61.1 million EADS shares for sale at 37 euros apiece. EADS itself bought 16 million of the shares worth 600 million euros.

Italy sells 9 billion euros retail bond, to end offer Tuesday

By Francesca Landini MILAN (Reuters) - Italy raised almost 9 billion euros (7.7 billion pounds) on the first sale day of a new bond aimed at individual investors and said it will close the offering two days ahead of schedule. The head of Italy's Debt Management Office, Maria Cannata, called the first day "a success", adding it will have a positive spillover effect on the rest of the Italian debt market.

Big depositors in Cypriot banks to lose 8.3 billion euros - document

By Matthias Sobolewski BERLIN (Reuters) - Large depositors who kept their money in the two biggest Cypriot banks stand to lose up to 8.3 billion euros (7 billion pounds) through the restructuring of the two institutions, a European Commission document showed.

Eurozone posts trade surplus of 10.4 bn euros in February

The 17-nation eurozone posted a trade surplus of 10.4 billion euros ($13.6 bn) after recording a revised deficit of 4.7 billion euros in January, Eurostat said Monday. Seasonally adjusted exports rose by 0.1 percent in February from January while imports fell by 2.1 percent. For the full 27-member European Union, the trade balance came in at a 1.8 billion euro surplus, compared to a revised 16.8 billion euros in January. On a seasonally adjusted basis, exports slid by 0.1 percent from January while imports dropped by 2.3 percent.

Lagardere books 1.8 bn euros from EADS share sale

French media group Lagardere said Monday it made a capital gain of 1.8 billion euros ($2.35 bn) for the sale of a 7.4 percent stake in the European defence and aerospace company EADS. The company said the sale last week had been completed with the transfer of the shares and that it had received 2.28 billion euros, which following taxes and transaction costs, resulted in a capital gain of 1.8 billion euros.
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