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Spain's Mapfre says to issue up to 1 bln euros in bonds
November 5, 2012 / 12:56 PM / in 5 years

Spain's Mapfre says to issue up to 1 bln euros in bonds

MADRID, Nov 5 (Reuters) - Spanish insurer Mapfre said on Monday it will issue up to 1 billion euros ($1.28 billion) in 3-year bonds at a rate to be determined depending on market conditions at the time of issuance.

The issue will be of a maximum of 10,000 bonds with a nominal value of 100,000 euros each, Mapfre said.

$1 = 0.7785 euros Reporting By Paul Day; Editing by Sarah Morris

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