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Home »Markets » Fixed Income » Europe » Spain Treasury targets 5bn euros

euro- copyMADRID: Spain's Treasury said on Monday it aimed to issue between 4 billion euros ($5.22 billion)and 5 billion euros of debt at the first auction of the year on Thursday.

 

The Treasury will issue 2-year, 5-year and 13-year bonds.

 

Spain completed its 2012 funding program in October and continued to tap the market to finance to finance a larger-than-planned deficit.

 

This year, it must raise 207 billion euros in debt plus at least an additional 23 billion to finance its cash-strapped regions.

 

Center>Copyright Reuters, 2013

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