MADRID, Dec 2 (Reuters) - Spain announced the following results at Thursday's Treasury bond auction BANCN:
It sold 2.5 billion euros worth of three-year benchmark bond with a 2.5 percent coupon, near the top end of the 1.75 billion to 2.75 billion euros target range.
Following are the details of the bond sale.
AUCTION DATE DEC 2 OCT 7
ISSUE MATURITY Oct, 2013 Oct, 2013
COUPON (pct) 2.5 2.5
AVERAGE YIELD (pct) 3.717 2.527
HIGHEST YIELD (pct) 3.797 2.550
AVERAGE PRICE 96.711 99.915
TOTAL BIDS (bln) 5.599 6.937
ALLOTTED (bln) 2.468 3.217
BID/COVER RATIO 2.3 2.2
For full details, click on the Treasury page TESORESP07 and Bank of Spain page BANCN.
To watch Reuters Insider's analysis of the auction please click here: link.reuters.com/jam97q.
(Reporting by Madrid bureau)
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