The Kingdom of Spain has priced its EUR4 billion tap of the 5.85% bond maturing January 2022, one of the banks running the deal said Wednesday.

The bond priced at 300 basis points over midswaps.

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

The terms of the transaction are as follows:

 
Amount:           EUR4 Billion 
Maturity:         January 31, 2022 
Reoffer Price:    103.368 
Spread:           300 basis points over midswaps 
Payment Date:     February 15, 2012 
Yield:            5.403% 
Debt Ratings:     A1  (Moody's) 
                  A   (Standard & Poor's) 
                  A   (Fitch) 
Denominations:    EUR1,000 
Listing:          Madrid 
Interest:         Annual

-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com