Spain raised far more money than initially planned in a debt auction which saw strong demand, the second successful test of investor confidence since Standard & Poor's downgraded its credit rating last week, AP reported. The Treasury raised Euro 6.6 billion ($8.5 billion), much more than its initial aim of between Euro 3.5 billion and Euro 4.5 billion in debut maturing in 2016, 2019 and 2022. The interest rate on the 10-year bonds was 5.40 percent, down from 5.54 percent in the last such auction in December.
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