Spain seeks funds for 2013 with market eyeing bailout

English: Various Euro bills.

English: Various Euro bills. (Photo credit: Wikipedia)

MADRID, Nov 22 (Reuters) – Spain will start tapping markets
on Thursday for money to cover its 2013 financing needs, a
burden that many investors think will eventually force it to
seek aid from its euro zone partners.

After meeting this year’s financing needs on Nov. 8, Spain will sell three bonds on Thursday, seeking to raise between 2.5 billion and 3.5 billion euros ($3.2 billion-$4.5 billion).

The country’s funding needs rise to 207 billion euros in 2013 from 186 billion euros this year, but could go higher still if the government overshoots its deficit target of 6.3 percent of gross domestic product this year and 4.5 percent next year.

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