Spanish banks set to shun public markets after sovereign bonanza

By Tom Porter
24 Jan 2014

Spanish banks enjoyed a surge in demand for their private placements this week, and many are expected to favour the private market for issuing senior unsecured debt in 2014.

Spain printed a €10bn 10 year Bono on Wednesday from a book of €40bn, driven by investors buying in to a recovery story that was given a boost this week when the IMF raised the country's 2014 growth forecast from 0.2% to a slightly less anemic 0.6%.

Santander sold ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial