Ico tracks Spanish debt wider with Eu150m 2 year puttable

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Ico tracks Spanish debt wider with Eu150m 2 year puttable

Instituto de Crédito Oficial took advantage of money market fund demand this week, selling a Eu150m puttable floating rate note through Société Générale. The deal had a wider average coupon than its last puttable note — sold earlier this month — which more than halved pricing achieved for similar issues in January.

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