LONDON: Spain received over 20 billion euros of investor interest for a new 10-year bond issue even before the deal was launched, according to a lead manager, suggesting that demand is likely to prove extremely high when the deal prices later on Wednesday.
Spain plans to raise up to 6 billion euros from the syndicated bond sale, he added.
The deal was launched on Wednesday morning with initial price guidance of 37 basis points over mid-swaps, suggesting a yield of around 0.65% by Reuters calculations.
Comments
Comments are closed.