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imageLONDON: The Kingdom of Spain is planning the issuance of a 50-year syndicated euro benchmark bond, according to a lead.

The sovereign has mandated Barclays, BNP Paribas, CaixaBank, Citigroup, Santander and Societe Generale to manage the transaction.

The deal will be launched in the near future subject to market conditions. It will mature on 30 July 2066.

Spain is rated Baa2/BBB+/BBB+/AL.

Copyright Reuters, 2016

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