Spain places five-year debt day after rating warning: expert

1st July 2010, Comments 0 comments

Spain successfully placed debt bonds to borrow 3.5 billion euros for five years on Thursday, a bond expert told AFP the day after a rating agency warned that Spain's credit standing was under review for a possible downgrade.

The government borrowed the equivalent of 4.3 billion dollars, at an average yield or interest rate of 3.657 percent, the bond strategist said.

© 2010 AFP

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