Markets

Italy sells 7bn euros of 5 and 10 year bonds

Published October 30, 2012 Updated October 30, 2012 12:28pm

 

Italy sold the 4 billion euros targeted and paid 3.8 percent to borrow over five years, compared with 4.09 percent last time and an average of 4.65 percent over the year.

 

The new five-year bond attracted bids worth 1.49 times the amount on offer compared to 1.38 last time and an average of 1.49 this year.

 

The gross yield on a sale 3 billion euros of 10-year bonds was 4.92 percent.

 

Copyright Reuters, 2012