The Spanish treasury on Thursday sold 4.31 billion euros (about 5.53 billion U.S. dollars) in bonds, more than it had targeted, despite market concerns over the financial crisis in Cyprus.

The Treasury raised 3.06 billion euros in new three-year bonds at an average yield of 3.019 percent, and 589.9 million euros of five-year bonds at an average yield of 3.598 percent, up slightly from 3.56 percent in the last such auction.

It also placed 660 million euros in bonds maturing in 2021 at a rate of 4.48 percent, down from 4.89 percent last month.

The Spanish treasury has so far this year placed 45.947 billion euros in medium- and long-term bonds on the market

Next week the Spanish treasury will hold two more auctions. Endit

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