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Spain concludes 2012 bond issuance plan after 4.8 bln bond sale
Spain sold 4.8 billion euros of debt including its first longer-term issue in 18 months on Thursday, enough to complete its 2012 financing programme and begin raising funds for next year as the government weighs a request for an international rescue. The Treasury sold 732 million euros of bonds maturing in 2032, showing there was demand to take on Spanish debt even over a longer time horizon. But the average yield on the 20-year bond was high in historic terms at 6.328 percent. Spain had not sold such longer-term debt since May last year before a financial crisis worsened and yields on its debt jumped. The yield on ... (full story)