Spain raises €2.1bn in bond sales

Spain has raised €2.1bn from the bond markets – but at higher interest rates as investors remained concerned the country might still need external help to shore up its banking sector.

Antonio Barroso, an analyst with Eurasia Group political risk consultants, said the sale was positive because it showed Spain can still fund itself, but the higher interest rate showed “markets still have a problem of confidence in the long term”.