TMCNet:  Strong demand for Spain bond

[May 14, 2014]

Strong demand for Spain bond

(City A.M. (UK) Via Acquire Media NewsEdge) SPAIN raised billions of euros for both public and corporate coffers yesterday, taking advantage of massive demand for Eurozone peripheral debt as concerns ease and investors search for yield.

Spain introduced its first inflation-linked bond, sold €4.5bn of short-term debt at a T-bill auction while bailed-out bank Bankia and telecoms giant Telefonica also raised cash in the markets.

(c) 2014 City A.M.

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