Spain Issues EUR15 Billion in New 10-Year Bond, Garners Robust Demand
January 10 2024 - 6:16AM
Dow Jones News
By Emese Bartha
Spain issued 15 billion euros ($16.40 billion) in a new 10-year,
April 2034-dated government bond via a bank syndicate on Wednesday,
benefiting from very robust demand, one of the lead manager banks
said.
The issue size for the new 10-year bond is historically large
but not a record size. In April 2020 Spain issued a 10-year bond
also with EUR15 billion size.
Orderbooks for the new bond closed in excess of EUR137 billion,
including EUR6.25 billion in joint lead manager interest, the same
bank said.
The spread on the bond was set 9 basis points above the
mid-yield of the 3.55% October 2033 Spanish bond.
Shortly after book close, the 3.55% October 2033 bond is trading
at a mid-yield of 3.127%, according to Tradeweb.
Write to Emese Bartha at emese.bartha@wsj.com
(END) Dow Jones Newswires
January 10, 2024 07:01 ET (12:01 GMT)
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