Tuesday, July 29, 2014





Spain raises $5 billion as it mulls financial help


February 19. 2013 6:37PM
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(AP) Spain easily raised nearly 3.9 billion ($4.9 billion) as the government mulls whether to tap a financial facility that has been partly designed to ease the financial pressure on the country.


The Treasury sold 1.71 billion in 3-year bonds on Thursday at an average interest rate of 3.66 percent, unchanged from the last such auction earlier this month.


It sold 644 million in 5-year bonds at 4.52 percent, less than the 4.68 percent rate seen before.


It also raised 1.52 billion from the sale of bonds maturing in 2021 at a rate of 5.55 percent.


The sale exceeded the Treasury's targeted maximum of 3.5 billion and demand averaged twice the amount offered.


The government of recession-wracked Spain says it needs to know the conditions to any application for international help.


Associated Press


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