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Spain pays higher rates in 3.311 bln euro bond issue

04 sierpnia, 2011

Spain paid sharply higher rates to sell 3.311 billion euros in government bonds on Thursday, a major test in the midst of a widening eurozone debt crisis, the Treasury said.

The high rates managed to lure investors, however, with requests for the three- and four-year bonds amounting to 7.4 billion euros ($10.6 billion), outstripping supply by more than two to one.