Catalonia, Valencia turn to retail, Spain goes to Japan

10 Dec 2010

Spanish public sector borrowers are continuing to find unconventional sources of demand for large funding volumes — but the costs of doing so are heading higher.

The Community of Valencia is understood to be planning to raise as much as Eu1.5bn from a one year retail bond before the end of December, following an even larger but similar Eu3bn deal for Generalitat de Catalunya sold by a 22-strong retail syndicate in November.

That deal could ...

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