Demand for Spain buoyant despite political turmoil

Fears that slush fund allegations embroiling the Kingdom of Spain’s ruling political party could derail the country’s capital market recovery were allayed on Thursday as the Spanish Treasury confirmed plans for a roadshow in the US next week hosted by Citi and Deutsche Bank. A Treasury official told SSA Markets the roadshow was not deal related, but bankers predict that a dollar bond may not be too far off for the sovereign.