Spain's ICO Sets Pricing On Euro 4-Year Bond At SPGB +0.60 Area
13 Marzo 2012 - 4:37AM
Noticias Dow Jones
Spain's state-owned business support group Instituto de Credito
Oficial, or ICO, has set pricing on its euro-denominated,
benchmark-size, four-year bond in the area of 60 basis points over
the corresponding government bond, or SPGB, one of the banks
running the deal said Tuesday.
BBVA, Caixabank, HSBC Holdings PLC and Societe Generale SA are
the lead managers on the deal, which is expected to price later
Tuesday.
The issuer is rated A3 by Moody's Investors Services Inc., A by
Standard and Poor's Corp., and A by Fitch Ratings.
-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236;
Sarka.Halasova@dowjones.com
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