SPANISH AUCTION RESULTS.

Spanish auction had not a good results, rising yields and worse cover.

Sold  Oct 2016, 4,25%,  yield 4.319%  (from 3.376%),  cover 2.5(from2.6).

Sold  Jan 2015, 4,40%,  yield 2.890%  (from 2.440%),  cover 2.4( from 5.0) .

Sold Oct 2020,  4.85%,  yield 5.338%  (from 5.156%),  cover 3.0(from 2.0).

The 2.59 bln euros raised was very much at the lower end of the 3.50 bln target range.

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