Spain Launches New 10-Year Government Bond With EUR13 Billion Issue Size -- Update
By Emese Bartha
Spain's first syndicated government bond transaction this year
has been launched with a issue size of 13 billion euros ($14.15
billion) on Wednesday, one of the lead manager banks said.
Final books for the issue of new 10-year, April 2033-dated
government bonds attracted more than EUR86 billion, including
EUR4.5 billion joint lead manager interest, the same bank said. The
final orderbook is about EUR1 billion lower than the initial demand
indicated by banks after books closed.
The spread on the new bond was set 10 basis points above the
mid-yield of the 2.55% October 2032-dated Spanish peer. The bond
has a 3.15% coupon and it was priced at 99.763, at a yield of
3.177%, the same bank said.
Eurozone countries are traditionally busy issuing government
bonds at the beginning of the year as they start their annual
Government bond issuance--both syndications and auctions--has
been well received year to date as investors remain undeterred by
prospects of substantial debt supply to come, even as the European
Central Bank stands ready to start quantitative tightening in
Joint lead managers of the Spanish transaction were Barclays,
BBVA, Citi, Credit Agricole CIB, J.P. Morgan and Santander.
Write to Emese Bartha at firstname.lastname@example.org
(END) Dow Jones Newswires
January 25, 2023 10:33 ET (15:33 GMT)
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