Asturias drops PPs, more to come says Moody’s
Spain’s Principality of Asturias sold a pair of bonds on Wednesday, coming to market for only the fourth time since its debut six months ago, according to Dealogic. A Moody’s report published on Wednesday indicated that more Spanish regions are set to come to market.
Asturias raised a combined €90m with six and seven year trades. The Spanish region sent out a request for proposals to a number of banks two weeks ago.
Banco Cooperativo, Bankia and Cecabank sold a privately placed July 2023 note on Wednesday, raising €67m with a coupon of
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