Italy's borrowing costs generally lower in 6-billion-euro bond sale
October 12, 2012, 1:37 pm TWN
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.