MADRID: The government on Wednesday said the launch of its first 50-year bond in two years drew strong investor demand, as the nation became the latest eurozone member to jump on the long-bond bandwagon.
The Treasury sold 3 billion euros (US$3.4 billion) of the bond maturing in 2066 via a syndication that drew orders worth 10.4 billion euros, the Ministry of Economic Affairs said in a statement. The 50-year bond issued on Wednesday had a yield of 3.49 percent, down from a yield of 4.02 percent when 50-year government bonds were issued for the first time in September 2014.
