Spain sets guidance for syndicated bond at midswaps +375 bps-IFR

MADRID Tue Jan 22, 2013 3:45am EST

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MADRID Jan 22 (Reuters) - Spain's Treasury has set the price guidance on a 10-year syndicated bond at midswaps plus 375 basis points, IFR, a Thomson Reuters news and market analysis service said on Tuesday, citing banks managing the deal.

Barclays, BBVA, Citi, Goldman, Santander and Societe Generale expect to price the bond later on Tuesday, IFR reported.

At that price, the bond would sell for a yield of around 18 basis points above where the 10-year bond is currently trading in the secondary market.

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