Spain sells 3.876 billion euros in bonds but at higher rates

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Spain raised 3.876 billion euros (5.096 billion dollars) via an issue of three-month and six-month bonds on Tuesday but it had to pay higher rates on the debt, the economy ministry said.

The treasury sold 3.0 billion euros of three-month bills at an average yield -- the rate of return paid to the holder - of 1.804 percent, compared with 1.743 percent when the securities were last sold on November 23.

It also sold 876 million euros of six-month bills at 2.597 percent compared with 2.111 last month.

© 2010 AFP

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