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2/16/12

Spain sells $5.2 billion at debt auction, demand strong despite concerns over Greece -

Spain successfully raised €4 billion ($5.2 billion) at a bond auction Thursday, with investor appetite strong despite jitters over the economy and the Greek debt crisis, while Parliament cleared a bill to strengthen the banking sector.

The Treasury sold €2.3 billion in three-year bonds at an average interest rate of 3.3 percent, up from 2.9 percent at a comparable auction on Feb 2.

It also sold €733 million in another 3-year bond with a different coupon rate, and about €1.1 billion in bonds maturing in 2019. There were no comparable interest rates for these.

For more: Spain sells $5.2 billion at debt auction, demand strong despite concerns over Greece - The Washington Post

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