Madrid to sell more bonds amid higher demand

Source: Bloomberg
© Scanpix/Reuters
Madrid, the region of Spain with the smallest budget deficit in the country, is planning to sell more bonds this year amid higher demand from investors, as they return to periphery markets of Europe due to economic recovery. At the moment 10-year bonds are traded at the yield of 4.02%. This year, Madrid considers borrowing 60% of money via bonds and 40% using bank loans.
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