Spanish treasury places US$5.16 billion on market

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The Spanish treasury placed on Thursday treasury bonds with a value of 4.81 billion euros (5.16 billion U.S. dollars) on the market registering a demand of 7.08 billion euros.

EuroA total of 1.67 billion euros worth of five-year treasury bonds carried an average interest rate of 0.55 percent.

A further 1.39 billion euros worth of 10-year treasury bonds fetched an average interest rate of 1.68 percent.

The Treasury also placed 1.075 billion euros worth of 15-year treasury bonds that carried an average interest rate of 1.94 percent while the remaining 674 million euros worth of 30-year treasury bonds fetched an average interest rate of 3.04 percent.

This was the last auction of the month. The Spanish treasury will hold another auction in April. (1 euro= 1.07 U.S. dollars) Enditem

Source: Xinhua/NewsGhana.com.gh

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