Spain raises €4.5bn but funding pace lags 2012

18 Jan 2013

In what was a strong week for peripheral sovereign bond markets, Spain had particular cause to celebrate on Thursday as its second bond auction of 2013 passed off without a hitch.

The sovereign achieved its maximum target of €4.5bn at Thursday’s auction of October 2015, January 2018 and July 2041 debt and also lowered its costs. Spain has now printed just over €10bn of debt through auctions during the first three weeks of the year, accounting for nearly 9% ...

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