MADRID, March 18 (Reuters) - Spain announced the following results at Thursday's Treasury bond auctions BANCN.
It sold 1.87 billion euros ($2.6 billion) worth of 2041, 4.70 percent coupon bonds. It also sold 3.7 billion euros ($5.06 billion) of 2020, 4.0 percent coupon bonds.
The Treasury had expected to sell between 4.5 and 5.5 billion euros of the debt.
The 30-year issue was first syndicated in September. The 10-year issue was first syndicated in January.
Following are the details of the bond sales.
LATEST AUCTION DATE MARCH 18, 2010 ISSUE MATURITY JULY 30, 2041 COUPON (pct) 4.7 pct HIGHEST YIELD (pct) 4,768 AVERAGE YIELD (pct) 4,758 AVERAGE PRICE 99,035 TOTAL BIDS (mln) 2.579 ALLOTTED (mln) 1,869 BID/COVER RATIO 1.4
LATEST AUCTION DATE MARCH 18, 2010 ISSUE MATURITY APRIL 30, 2020 COUPON (pct) 4 pct HIGHEST YIELD (pct) 3,864 AVERAGE YIELD (pct) 3,855 AVERAGE PRICE 101,195 TOTAL BIDS (mln) 4,752 ALLOTTED (mln) 3,070 BID/COVER RATIO 1.5
For full details, click on the Treasury page TESORESP07 and Bank of Spain page BANCN.
(Reporting by Nigel Davies and Sonya Dowsett)