Aragon opens 2012 MTNs with 15 year deal
The Autonomous Community of Aragon has launched its 2012 MTN funding effort with a long dated note paying a coupon of more than 7%. It was sold into Spain as domestic investors looked for higher yields.
The 15 year 15m note was sold through Société Générale on Monday. The note, which was priced at par, pays a coupon of 7.5%.
The issuer is keen to print long tenors and is willing to cater to investor demand at a premium over Bonos, said an MTN
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