Spanish borrowers line up for late salute to GGs

19 Nov 2010

Spain’s savings banks are emerging for a final throw of the GG dice before the scheme closes at year end.

Bankers expect several more cajas to issue government guaranteed debt before the year is out following Caja Murcia’s Eu500m three year issue sold on Tuesday. Meanwhile, Caja Madrid is expected to announce the results of its Eu17bn government guaranteed covered bond and senior unsecured exchange on Friday.

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