Ico to cap 2012 funding programme with €1bn benchmark

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Ico to cap 2012 funding programme with €1bn benchmark

Instituto de Credito Oficial (Ico) is set to price a five year euro benchmark on Monday afternoon, capitalising on last week’s rally in peripheral European sovereign debt. The deal will be a test of demand for the agency, as it will demonstrate the extent to which improved sentiment around Spain will filter down to its agencies.

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