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Spain shrugs off Cyprus crisis to sell above-target $5.53 bln in debt sale

Canadian Press, The Canadian Press
0 Comments| April 5, 2013

MADRID - Spain has sold 4.31 billion euros ($5.53 billion) in bonds at relatively stable interest rates, indicating the financial crisis in Cyprus is having little or no effect on investor confidence in the country's management of its finances.

The Treasury said Thursday it sold 3.06 billion euros in a new bond maturing in 2016 at an average interest rate of 3.02 per cent.

© The Canadian Press, 2013

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