Spain

Kuxtabank this week issued the first Spanish covered bond backed by loans with an environmental, social and governance remit, and the first peripheral 10 year since March.

Spain’s borrowing costs dropped in five years but rose in threes and 10s at an auction on Thursday, as Italy shelved its BTP Italia product for the year.

Caja Rural de Castilla-La Mancha (CRCLM) completed a series of meetings last week and has mandated leads for its first deal, a six year that is to be launched on Tuesday.

Financial services boutique StormHarbour on Wednesday said it has hired for its Madrid office Yago Valderrama, Société Générale’s former head of cross-asset solutions in Spain and Portugal.

Adif Alta Velocidad, the Spanish state high speed rail network company, received heavy domestic demand for its €600m bond issue on Tuesday, which enabled it to pay a single digit new issue premium, as La Poste had the day before.

Spain kicked off a busy week for the eurozone periphery with a bill sale where the sovereign’s borrowing costs repeated their pattern for much of this year by bumping around 0%.

Bond and equity investors in Abengoa, the Spanish renewable energy company, took heart this week after Standard & Poor’s affirmed its rating after the market close on Friday, September 11.

Italy’s borrowing costs dropped across the curve at an auction on Friday, although its yields at the longer end are still some distance from the euro-era lows hit earlier this year.

Greece’s part in the eurozone sovereign debt crisis has always been secondary to the potential for disaster in larger countries like Spain. Now the latter country could be just months away from breaking up and a huge debt shock. Why does no one care?

The Catalan election on September 27 is barely a blip on most investors' radars. But the result could cause a severe shock to Spain's national debt.

Financial markets have largely ignored the possibility that Catalonia could become independent from Spain. But for the Catalan government, that is no longer a possibility, but a virtual certainty — with huge implications for Spanish debt.

This week’s encouraging run of equity block trades continues this evening (Wednesday September 9) with a sale of 10% of Inmobiliaria Colonial, the Spanish property company, worth about €190m.