The Kingdom of Spain has set final guidance on its tap of the 5.85% bond maturing January 2022, one of the banks running the deal said Wednesday.

The bond will price at 300 basis points over midswaps.

Barclays PLC, Deutsche Bank AG, Goldman Sachs, Banco Santander, Societe Generale SA and Banco Bilbao Vizcaya Argentaria are the lead managers on the sale.

Spain is rated A1 by Moody's Investors Service Inc. and A by Standard & Poor's Corp. and Fitch Ratings.

-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349; serena.ruffoni@dowjones.com