Spanish treasury places treasure bonds of 4.5 bln euros on market

MADRID, July 20 (Xinhua) -- The Spanish treasury placed on Thursday treasury bonds with a value of 4.5 billion euros (5.19 billion U.S. dollars) and registered a high demand of more than 10 billion euros.

A total of 2.59 billion euros worth of 10-year treasury bonds carried an average interest rate of 1.65 percent. A further 1.29 billion euros worth of five year treasury bonds fetched an average interest rate of 0.31 percent while the remaining 699.22 million euros worth of three-year treasury bonds fetched an average interest rate of 0.026 percent.

This was the last auction of the month. The Spanish treasury will hold four more auctions in August. (1 euro = 1.15 U.S. dollars)