Spain Says It May Cover 13% of 2013 Funding in January
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Spain’s Treasury aims to cover as much as 13 percent of its planned gross debt issuance for 2013 in January after investors bought 7 billion euros ($9.3 billion) of 10-year bonds in a syndicated sale that saw record demand.
The Treasury may end the month with total issuance of 27 billion euros depending on the final results of bill sales, the Economy Ministry in Madrid said in an e-mailed statement late yesterday. That compares with a goal of 215 billion to 230 billion euros of bonds and bills for the whole year.