Spain Looks To Raise EUR1.5 Bln From Bad-Asset Sales

12 Mar 2013

Sareb, Spain’s bad bank is looking to raise EUR1.5 billion ($1.95 billion) this year from the sale of some of the EUR50.5 billion ($65.77 billion) in toxic loans it holds, according to Luis de Guindos, the nation’s economy minister.

Sareb, Spain’s bad bank is looking to raise EUR1.5 billion ($1.95 billion) this year from the sale of some of the EUR50.5 billion ($65.77 billion) in toxic loans it holds, according to Luis de Guindos, the nation’s economy minister.

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