Spain Sells EU4.5 Billion of Bonds Meeting Maximum Target

Spain sold 4.5 billion euros of bonds maturing in 2014, 2015 and 2016, the Bank of Spain said, meeting its maximum target for the auction.

The bid-to-cover ratio on the 4 percent bonds maturing in July 2015 was 2.37, compared with 2.19 when they were sold on Feb. 16. The amount of 2016 bonds was covered 2.59 times over, compared with 3.24 times on Jan. 19.

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