Spain sells €2.9 billion in short-term debtMay 14, 2012 - 14:16 AMT PanARMENIAN.Net - Spain managed to sell €2.9 billion ($3.8 billion) in short-term debt Monday, May 14 amid strong demand but with raised interest rates reflecting investor concern over the country's finances, according to The Associated Press. The successful debt auction came as yields for the key 10-year bonds on the secondary market - an indicator of what the government may have to pay - jumped 23 basis points to 6.22 percent. The country's benchmark Ibex stock index plunged 2.8 percent in morning trade. The Treasury paid a yield of 3 percent to sell €2.2 billion ($2.8 billion) in 12-month notes compared to 2.6 percent in the last such auction April 17. It paid 3.3 percent to sell €711 million in 18-month notes, up from 3.1 percent. The department had set an upper target of €3 billion for the sale. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |