MADRID Feb 21 Spain sold 4.2 billion euros
($5.6 billion) of debt at a triple bond sale on Thursday,
beating the top end of the target amount and at rates on the
shorter-dated paper lower than when it last sold early February.
The bond due March 31, 2015, sold 1.1 billion euros at an
average yield of 2.54 percent, compared to 2.823 percent when it
last issued Feb. 7. The bond was 3.7 times subscribed after 2.2
times earlier this month.
The bond due Oct. 31, 2019, sold 548 million euros at a
yield of 4.275 percent and a bid-to-cover ratio of 2.5. The
paper last sold July 2012 at a yield of 6.701 percent and was
2.9 times subscribed.
The 10-year benchmark bond, with maturity at Jan. 31, 2023
and a coupon of 5.4 percent, sold 2.6 billion euros at an
average yield of 5.202 percent and was 1.6 times subscribed. The
bond was first introduced in a syndicated debt sale Jan. 22 when
it sold 7 billion euros.