ICO Prices EUR600 Million Bond Maturing in March 2016
September 10 2012 - 11:29AM
Dow Jones News
Spain's state-owned business support group Instituto de Credito
Oficial, or ICO, priced a 600 million euro ($767.2 million)
three-and-a-half-year bond, one of the banks running the deal said
Monday.
The bond priced at 65 basis points over the corresponding
Spanish government bond.
BBVA, Credit Agricole SA, Goldman Sachs Group Inc. and Santander
GBM were joint bookrunners.
Amount: EUR600 million
Maturity: March 17, 2016
Coupon: 4.5%
Reoffer Price: 99.727
Payment Date: Sept. 17, 2012
Spread: 65 basis points over the SPGBs
Debt Ratings: Baa3 (Moody's)
BBB+ (Standard & Poor's)
BBB (Fitch)
Interest: Annual
Write to Art Patnaude at art.patnaude@dowjones.com
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