By Jonathan House
MADRID--After having to pay sharply higher interest rates to sell
short-term debt Tuesday, the Spanish treasury is maintaining its plans
to sell up to 2 billion euros ($2.5 billion) in longer-dated debt on
Thursday, a spokeswoman said.
The treasury Tuesday sold EUR3.039 billion of 12- and 18-month
Treasury bills, just over the high end of its EUR1 billion to EUR2
billion target range.
The treasury had to pay, however, around 200 basis points more in
interest rates, highlighting the Spanish government's growing
difficulties to fund itself on financial markets.
The Spanish treasury is planning to sell between EUR1 billion and EUR2
billion of two-, three- and five-year bonds on Thursday.
Write to Jonathan House at jonathan.house@dowjones.com
(END) Dow Jones Newswires
June 19, 2012 05:41 ET (09:41 GMT)
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