Spain leads peripheral charge
After a successful opening to the week by top rated public sector credits in dollar markets, peripheral Europe moved back into view on Wednesday morning as expectations grew of an imminent agreement between Greece and its creditors. In an audacious move to test appetite for its name in international markets, the Kingdom of Spain took the unusual step of syndicating a tap of its January 2022 bond on Wednesday morning, taking advantage of the improved robustness of markets that anticipate a successful conclusion to the Greek crisis.
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