Instituto de Crédito Oficial

18 Jan 2008

Guarantor: Kingdom of Spain
Rating: Aaa/AAA/AAA
Amount: $1.5bn Eurodollar
Maturity: 15 March 2011
Issue/re-offer price: 99.82
Coupon: 3%
Spread at re-offer: 53.75bp over the 3.25% December 2009 UST
Launch date: Thursday 17 January
Payment date: 25 January
Joint books: Credit Suisse, JP Morgan, RBC Capital Markets

Borrower’s comment:

We wanted to do a $1bn transaction but with the flexibility ...

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