Spain plans to launch a new 15-year government bond in the near
future, one of the banks hired for the transaction said Tuesday, as
the country seeks to reap the benefit of rock-bottom borrowing
costs.
Government bond yields in the eurozone are at or near record
lows, as the European Central Bank's planned bond purchase program
is expected to drive debt yields even lower, at least in the coming
months.
The banks hired for the issuance of the new bond, which matures
on July 30, 2030, are Barclays, BBVA, BNP Paribas, Citi, Santander
GBM and Societe Generale CIB.
The planned bond will add a new maturity year for Spain, which
currently doesn't have any publicly issued government bonds
expiring between January 2029 and July 2032.
Write to Emese Bartha at Emese Bartha@wsj.com
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