Source: Bloomberg
Spain sold EUR4.56 billion of bonds maturing in 2015, 2016 and 2017, compared with the maximum target the Treasury set for the sale of EUR4.5 billion.
Demand for the 2015 notes was 1.63 times the amount sold, the Bank of Spain said, compared with 1.8 times the last time they were sold in January. The bid-to-cover ratio on the 2016 notes was 3.57, compared with 3.24 last month and the ratio on the longer-dated notes was 2.7, compared with 2.69 when they were last sold in December.
The average yield on the 2016 bonds was 3.455, compared with 4.021 per cent at the January 19 auction and 3.527 per cent on the secondary market before the sale.
