Spain's ICO adds A$200 mln to 2012 Kangaroo bond

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SYDNEY, May 12 (Reuters) - Spain's Instituto de Credito
Oficial (ICO) [ICO.UL] has launched and priced a A$200 million
($189 million) increase to its Kangaroo bond issue maturing in
2012, sole lead RBC said on Monday.

The notes paid an approximate margin of 18 to 19 basis
points under swap, an investor said.

ICO is rated Aaa/AAA/AAA and is guaranteed by the Kingdom
of Spain. It provides financial backing to small and
medium-sized businesses, long-term loans for infrastructure
projects and financial support in cases of economic crisis or
natural disaster.

The deal details are as follows:

Issuer: Instituto de Credito Oficial

Facility: Domestic fixed rate Kangaroo increase

Amount issued: A$200 million

Total on issue: A$1.2 billion

Maturity: Oct. 11, 2012

Set date: May 16

Coupon: 5.50%

Yield: 7.053%

Margin: +92.3 bps/Apr. 2012 ACGB

Clean price: 94.20

Lead: RBC Capital Markets

Issuer rating: Triple A by all major agencies
($1=A$1.06)
(Reporting by Cecile Lefort)