SPAIN: Spain has mandated BNP Paribas, Caja Madrid and Deutsche
Bank to lead manage a new 5-year Floating Rate Bono del Estado. “The
transaction will have a maturity of March 2015 and will be launched in
the near future, subject to market conditions”. Spain, which
borrows under the name of the Kingdom of Spain, rated Aaa (stable) by
Moody’s, AA+ (negative) by S&P and AAA (stable) by Fitch.