HispanicBusiness

The Spanish Treasury successfully slod 3.992 billion euros (about 5.15 billion U.S. dollars) bonds on the market on Thursday.

A total of 1.285 billion euros worth of 2-year bonds carried an interest rate of 3.282 percent which is below the 5.204 percent of the previous issue held in July 19.

A total of 710 million euros worth of 5-year lifespan carried and interest rate of 4.766 percent, which is below the 6.459 percent of the previous auction.

The remaining 1.997 billion of the bonds had a three-year lifespan. In this case, the interest rate rose from 3.845 percent since the auction held on Sept. 20 to 3.956 percent.

This auction has been marked by the European Central Bank (ECB) meeting on Thursday and also by other events. This was the first auction after the General State Budget 2013 was adopted by the Spanish government. Also, the auction was held six days after the data of the Spanish banks needs were revealed by Oliver Wyman.