SPAIN: Spain has opened books for new 5-year Floating Rate Bono del
Estado issue Wednesday at guidance of 3-month euribor +45 basis points
area, a source familiar with the deal told Market News International.
Spain has mandated BNP Paribas, Caja Madrid and Deutsche Bank as leads
for the 5-year FRN, which has a maturity of March 2015 and will. 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.