Spain leads euro issuers with 15 year

Kingdom of Spain astonished SSA market participants on Monday afternoon, when it hired six banks to run a 15 year euro syndication, less than a week after fellow peripheral sovereign Portugal’s bond yields shot north of 8% on fears of a government collapse. The deal came on the same day as Bank Nederlandse Gemeenten (BNG) announced a 10 year deal with bankers also expecting a deal from the EFSF.