08/03/2013 (Agence Europe) - Spain pays less than 5% for 10-year bonds. On Thursday 7 March, Spain successfully issued three, five and ten-year bonds for just under €5 billion in total. The average yield demanded for the €2.4 billion of ten-year bonds was 4.96%, the first ten-year bonds to be issued since November 2010. The good news is partly due to the Spanish deficit figures being better than expected. Not including the bailout of the banks, the deficit will be cut from 8.9% to 6.7% of GDP in 2012. The bonds issued on Thursday mean that Spain has now covered nearly a quarter of its €230 billion or so borrowing requirements for 2013. (MB/transl.fl)