Spain borrowing costs rise in key bond sale

MADRID: Spain paid sharply higher borrowing costs on benchmark 10-year bonds Thursday in its first debt sale since European Union leaders struck a deal to tackle the eurozone crisis.

Spain sold 3.0 billion euros ($3.8 billion) of three-, four- and 10-year government bonds, the central bank said. On the 10-year bonds, it had to offer investors an average return of 6.430 percent, up from 6.044 percent in the last comparable sale on June 7.