Economics
Spanish Sovereign Bond Draws Record 47 Billion-Euro Orders
- Investors feasting on periphery euro-area debt in yield hunt
- Demand extends beyond sovereigns and into corporate offerings
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Spain got record orders of about 47 billion euros ($53 billion) in 10-year sovereign bond sale, as investors clamor for the extra yield offered by periphery euro-area debt.
The offering went “very well,” Economy Minister Nadia Calvino told reporters in Brussels after a meeting of European Union finance ministers. She confirmed the record orders and highlighted growing interest from Asia.