Spain leads flotilla of triple-A dollar issuers

The Kingdom of Spain is the headline issuer in the dollar triple-A market this week, with its first non-euro issue since July 2005. Barclays Capital, Citigroup and Goldman Sachs have launched the $2bn five year at mid-swaps less 28bp with a book of $3bn. Nordic Investment Bank is also expected with a $1bn five year via JP Morgan and Nomura and the European Investment Bank could announce a five year later in the day. Quebec, meanwhile, is braving the 10 year sector with a global bond led by Deutsche Bank, HSBC, Merrill Lynch and RBC. Read EuroWeek on Friday for all the market’s opinions on these and other SSA deals in the market this week.