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Italy's borrowing costs generally lower in 6-billion-euro bond sale

AFP
October 12, 2012, 1:37 pm TWN

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MILAN -- Italy's borrowing costs were mostly lower in a bond auction on Thursday that raised 6 billion euros (US$7.7 billion), although the rate on bonds coming due in three years was higher than last month.

The Italian Treasury sold 3.75 billion euros in bonds that mature in 2015 at a rate of 2.86 percent compared with 2.75 percent for a sale on Sept. 13.

The rates for bonds coming due in 2016, 2018 and 2025 however were lower.

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