Markets

Spain plans 50-year syndicated euro benchmark bond

Published May 10, 2016 Updated May 10, 2016 05:56pm

1 min

By Fawad Maqsood

LONDON: 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.

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