AlHijjah 7, 1433, Oct 23, 2012, SPA -- Spain on Tuesday successfully raised 3.53 billion euros (4.6 billion dollars) in a short-term bond auction, partly at slightly higher interest rates. The news came as the Bank of Spain said the economy had contracted by 0.4 per cent in the third quarter. Three-month bonds had a yield of 1.45 per cent, up from 1.25 per cent in the previous auction. Six-month bonds, by contrast, fetched a yield of 2.1 per cent, down from 2.3 per cent, dpa reported. The amount raised slightly exceeded the target of 3.5 billion euros.
