Spain Plans €3B Debt Sale

Spain is planning to sell €2-3 billion in its first bond auction of 2011.

Spain is planning to sell €2-3 billion in its first bond auction of 2011, Bloomberg reports. The treasury will auction the five-year bonds on Jan. 13, 2011. Spain has earlier sold similar-dated debt for more than €3 billion in its last three auctions. The country has to repay bonds worth €15.5 billion in April 2011.

Click here for the story from Bloomberg.