Spanish borrowing costs fall

Spain sold €3.56 billion of 12-month bills this morning, successfully meeting its €3.5 billion target.

17th July, 2012
Spanish borrowing costs fall

Spain sold €3.56 billion of 12-month bills this morning, successfully meeting its €3.5 billion target.

The Spanish Treasury sold the bills at an average rate of 3.918 per cent compared with 5.074 per cent at the last auction on June 19th. It sold 18-month bills at an average rate of 4.242 per cent compared with 5.107 per cent last month.

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