Spain breaks euro book record amid perfect storm

By Burhan Khadbai
16 Jan 2020

While every eurozone country that sold a new syndicated bond this year has received strong demand, Spain outshone them all this week by taking the biggest ever order book in the bloc.

On Tuesday, Spain raised €10bn with a spread of 32bp over mid-swaps for an April 2030 benchmark, 5bp tighter than guidance, led by BBVACitiHSBCJP MorganSantander and Société Générale.

The books closed at over €53bn (including €5.15bn of lead manager interest), which is the biggest book ...

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