Sovereign bond of the year – Kingdom of Spain

Sovereign bond of the year – Kingdom of Spain


Issuer: Spanish Treasury
Issue date: July 6, 2010
Size: €6 billion
Ratings at issue: Aaa/AA/AA+ (Moody’s/S&P/Fitch)
Maturity: October 31, 2020
Coupon: 4.85%
Spread: Mid-swaps + 195bp

Spain’s July 6 bond auction was initially seen as a turning point for the country. Despite the prevailing market volatility, the Spanish Treasury succeeded in raising €6 billion at a relatively modest coupon of 4.85%. The deal was significantly oversubscribed – the total order book quickly reached €14.5 billion – and the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: