Spain sells €5.8bn in short-term debt at lower costMarch 12, 2013 - 15:28 AMT PanARMENIAN.Net - Spain has sold €5.8 billion ($7.5 billion) in short-term debt at a lower cost, in a further indication that investors are less fearful over the state of the country's public finances, The Associated Press reported. The Treasury said Tuesday it sold €3.85 billion in 12-month bills at an average interest rate of 1.36 percent, compared with 1.55 percent in the last such auction Feb. 12. It also sold a little under €2 billion worth of six-month bills at 0.79 percent, compared with 0.86 percent last month. Demand was more than double the amount offered. Spain's borrowing rates have dropped in recent months, due in part to the government's deficit-reduction program and waning fears of the need for a bailout. However, Spain remains in recession and has an unemployment rate of 26 percent. 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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |