Investing.com - Financial Markets Worldwide
✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

Spain to issue 5 bln euros' bonds - paper

Published 05/26/2009, 01:53 AM
Updated 05/26/2009, 02:00 AM
BBVA
-

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)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.