MADRID, May 20 (Reuters) - Spain announced the following results at Thursday’s Treasury bond auctions BANCN. It sold 3.52 billion euros ($4.37 billion) worth of 2020, 4.0 percent coupon bonds, more than it had expected.
The Treasury had expected to sell between 2.5 and 3.5 billion euros of the debt.
The 10-year issue was first syndicated in January.
Following are the details of the bond sale
COUPON (pct) 4 pct 4 pct
HIGHEST YIELD (pct) 4.074 3.864
AVERAGE YIELD (pct) 4.045 3.855
TOTAL BIDS (mln) 7,163 4,752
ALLOTTED (mln) 3,520 3,070
For full details, click on the Treasury page TESORESP07 and Bank of Spain page BANCN.
Reporting by Sonya Dowsett, Editing by Judy MacInnes