MILAN: Italy raised its maximum target amount of 5.25 billion euros ($6.76 billion) in a bond auction on Monday in which the rate on three-year bonds held steady despite a spike in tensions on eurozone markets.
The rate was at 3.91 percent compared with 3.89 percent in the last similar operation last month.
It also sold 542 million euros in bonds due in 2020 at a rate of 5.33 percent, 651 million euros in bonds due in 2022 at a rate of 5.66 percent and 557 million euros in bonds due in 2025 at a rate of 5.90 percent.
The Bank of Italy did not provide comparative rates for past auctions.
Starting last month, Italy had seen a sharp rise in its borrowing costs following declines seen in the first quarter as newly-installed Prime Minister Mario Monti implemented draconian austerity measures and pension reforms.
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