Spain pays higher rate to raise 3.225bn euro

MADRID: Spain paid sharply higher borrowing rates to raise 3.225 billion euros ($4.3 billion) in new short-term debt Tue

The high rates attracted strong interest in the auction of three- and six-month bills, allowing the state easily to meet its target of raising 2.5-3.5 billion euros, according to a Bank of Spain statement.

Copyright AFP (Agence France-Presse), 2011

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