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Spain Raises $5B, Still Considering a Bailout

Nov. 22, 2012 8:34am Becket Adams

MADRID (TheBlaze/AP) — Spain easily raised nearly €3.9 billion ($4.9 billion) as the government mulls whether to tap a financial facility that has been partly designed to ease the financial pressure on the country.

The Treasury sold €1.71 billion in 3-year bonds on Thursday at an average interest rate of 3.66 percent, unchanged from the last such auction earlier this month.

It sold €644 million in 5-year bonds at 4.52 percent, less than the 4.68 percent rate seen before.

It also raised €1.52 billion from the sale of bonds maturing in 2021 at a rate of 5.55 percent.

The sale exceeded the Treasury’s targeted maximum of €3.5 billion and demand averaged twice the amount offered.

The government of recession-wracked Spain says it needs to know the conditions to any application for international help.

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Comments (17)

JohnQTaxpayer
Posted on November 22, 2012 at 1:43pm
Atlas is shrugging and the world will fall

Will freedom survive?

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- Ed_North
  Posted on November 23, 2012 at 5:40am
  Europe has no other option than to split up the Euro. Read fresh political commentary at: http://smallcraftadvisorychronicles.blogspot.com/
  
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soybomb315_II
Posted on November 22, 2012 at 11:22am
$5 Billion is only two days of deficit spending in the USA

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- rickc34
  Posted on November 22, 2012 at 12:45pm
  Good for Spain ..I guess they do not need our tax dollars now…next.
  
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schroeder123
Posted on November 22, 2012 at 10:52am
Now how are they going to pay off the bonds ? Give me a break. OH I got it..a tax write off.

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justangry
Posted on November 22, 2012 at 10:50am
Spain should default and kick out the globalists.

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Eastinfection
Posted on November 22, 2012 at 9:35am
I’ll see your $5billion and raise you a bankrupt professional soccer league. (hooligans included)

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- G-WHIZ
  Posted on November 22, 2012 at 10:48am
  The UK’s PAIN lies mainly in it’s SPAIN !!
  
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- resme
  Posted on November 22, 2012 at 2:09pm
  I like playing soccer, But hate watching it, YAWN FEST!
  
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- Eastinfection
  Posted on November 23, 2012 at 1:22pm
  Hey RES..
  
  I love watching EPL or Bundesliga but the MLS blows chunks.
  
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Micmac
Posted on November 22, 2012 at 9:24am
That’s like spitting on a forest fire.

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Trail_Jumper
Posted on November 22, 2012 at 9:21am
Hmmm. I wonder if any (or all) of those bonds were purchased by the Fed to prop up the system and make it look like everything is just hunkydory…….

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- progressiveslayer
  Posted on November 22, 2012 at 9:36am
  Nah those guys that run the fed wouldn’t dream of doing such a thing. Sarc/off
  Yeah Spain bought the green energy BS and it got them 20% unemployment,we’re following suit.
  
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- decendentof56
  Posted on November 22, 2012 at 10:36am
  We are following suit, PS. I had hoped a Romney win followed by Tea Party pressure would stave off the inevitable collapse of our financial system.
  However, I believe it will take anarchy to wake people up.
  No,I’m sorry…….. that will only make the Dem base more angry and irrational.
  Get used to this type of irrational behavior. The dummies in those purple t-shirts have no clue that their unions want this type of protesting to happen.
  
  Report this comment
AbrahamsSheepdog
Posted on November 22, 2012 at 9:19am
Old Roman empire will rise. This whole story is all predicted thousands of years ago. Tick-tock right on time. How come some know this? Magic? Computer? Oh yeah, we studied, listened, Prayed. Guess you get to meet the truth soon too! Be blessed!

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- Eastinfection
  Posted on November 22, 2012 at 9:36am
  I once predicted Brett Favre would be traded to the Jets.
  
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- rickc34
  Posted on November 22, 2012 at 11:51pm
  Abrahamssheepdog- time is short , so pray hard for the lost that they would let Christ in.
  
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