Spain smashes euro SSA book record as Italy and Belgium line up

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By Burhan Khadbai
14 Jan 2020

Spain and Cyprus attracted strong demand for their syndicated bonds on Tuesday, with the former receiving the largest ever order book for a public sector euro benchmark. Italy and Belgium will add to the eurozone sovereign supply on Wednesday after mandating leads for new 30 and 10 year trades, respectively.

Spain raised €10bn with a spread of 32bp over mid-swaps for an April 2030 benchmark, 5bp tighter than guidance, led by BBVA, Citi, HSBC, JP Morgan, Santander and Société Générale.

The books closed at over €53bn (including €5.15bn of lead manager interest), ...

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