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Spain to issue 5 bln euros' bonds - paper

Published 05/26/2009, 01:53 AM
Updated 05/26/2009, 02:00 AM
BBVA
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MADRID, May 26 (Reuters) - Spain is to issue at least 5 billion euros ($7 billion) in 10-year bonds on Wednesday in a placing that had not been previously announced, Expansion reported on Tuesday, citing sources at the Economy Ministry.

The financial daily said the bonds, to be placed by Barclays Capital , BBVA , Santander , Calyon, HSBC and savings bank Caja Madrid, would contribute to financing increased public spending during the recession.

The Spanish treasury wanted to take advantage of what it considered a favourable moment in the market for government debt issues, it added.

No one at the Economy Ministry was available to comment on the report. ($1=.7145 Euro) (Reporting by Sarah Morris; Editing by Neil Fullick)

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