Spain Sells EUR10 Billion in New April 2032 Government Bond -- Update

By Emese Bartha

Spain sold 10 billion euros ($11.33 billion) in new 10-year government bonds via a bank syndicate on Tuesday, one of the book-runner banks said.

The spread on the new April 2032-dated bond was set 8 basis points above the yield of the 0.50% October 2031 bond, the current 10-year benchmark, the same bank said. The bond has a 0.70% coupon, and it was priced at 99.478, at a yield of 0.753%.

Demand for the bond exceeded EUR63 billion when books closed, including EUR4.75 billion interest from the joint lead managers, the same bank said.

Spain's gross government-bond issuance target is EUR148 billion for 2022.

The book-runners of the deal are Deutsche Bank, HSBC, J.P. Morgan, Nomura, Santander and Societe Generale.

Write to Emese Bartha at [e-mail]

(END) Dow Jones Newswires

01-11-22 1118ET