(Corrects indications of interest from USD1.3bn to USD1.7bn)
LONDON, Feb 20 (IFR) - The Kingdom of Spain, rated
Baa3/BBB-, on Wednesday opened books on a five-year US dollar
denominated bond at mid-swaps plus 300bp area, having collected
indications of interest in excess of EUR1.7bn.
The transaction, which will be sold under RegS/144A
regulations, is expected to price later on Wednesday via
bookrunners Barclays, Citi, Santander and Societe Generale.
The dollar market will enable Spain to diversify its
investor base and tap into the largest community of yield-hungry
emerging markets funds.
Spain has made significant inroads into its hefty EUR120bn
funding programme for 2013, raising EUR22bn via a syndicated
10-year bond and a handful of auctions.
(Writing by Josie Cox, reporting by John Geddie; editing by