Spanish treasury places €4.903bn on market

The Spanish treasury on Thursday placed treasury bonds worth 4.903 billion euros (5.359 billion U.S. dollars) on the market.

A total of 1.871 billion euros worth of three-year lifespan carried an average interest rate of 0.341 percent, while a total of 1.741 billion euros worth of five-year lifespan carried an average interest rate of 0.916 percent, below the 1.291 percent of the previous issue.

Finally, the treasury also placed 1.290 billion euros worth of 10-year lifespan that fetched an average interest rate of 1.982 percent.

The treasury will hold three more auctions in August and so far has placed 100.1 billion euros of medium and long term debt on the market which represented 70.5 percent of Spain's financial goals for the year. (1 euro=1.09 U.S. dollars)