Spain in the news

• Blame the ECB for Spain's lost orders

  Few deals have ever had €75bn of orders. Spain managed to lose that much, but still have €55bn remaining in the book. This is the world the ECB’s purchase programmes have built.

  • 14 Jan 2021

• Spain EUR10bn 0.1% Apr 31

  • 14 Jan 2021

• ¿El Clásico? Spain's big 10yr shocks after losing €75bn of orders

  A book of more than €55bn for a €10bn bond priced with a new issue premium of 1bp would be a gratifying outcome for any sovereign issuer. But Wednesday's syndication for Spain instead attracted robust criticism over price moves during bookbuilding which derailed what was on course to be the biggest order book in bond market history.

  • 14 Jan 2021

• Spain loses over €75bn of orders after ‘shocking’ price move

  In a dramatic and unprecedented turn of events on Wednesday, Spain went from being on track to attract the biggest ever order book for a bond issue to losing more than half of its orders, as it slashed the spread of its new 10 year syndicated bond, leaving either a negative or very skinny new issue premium.

  • 14 Jan 2021

• Spain targets €5bn-€8bn green debut in second half of 2021

  Spain is planning to issue its hotly anticipated inaugural green bond in the second half of the year through syndication in what will be the first step in the sovereign’s ambition to become a regular green issuer and build out a curve in the format.

  • 13 Jan 2021

• Spain set to make green bond debut in 2021

  The Spanish Treasury has announced its funding outlook for the year, including a commitment to launch a green bond programme.

  • 08 Jan 2021

• SSA secondary pricing update: EU's SURE debut screeches tighter

  Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, October 26. The source for secondary trading levels is ICE Data Services.

  • 27 Oct 2020

• Ico EUR500m 0% Apr 26 green bond

  • 22 Oct 2020

• Spain cuts issuance target, rules out further syndications in 2020

  The Spanish treasury has cut its funding target for the year by €15bn as a result of a better income than anticipated, and said it does not expect to issue any more syndicated bonds before the end of the year.

  • 12 Oct 2020

• Much rumoured Spain deal looking unlikely

  Spain’s expected bond syndication, thought to be coming this week, now appears unlikely, according to several SSA bankers.

  • 23 Sep 2020

• Spain outlook downgraded as 10 year bond looms

  Spain, which is said to be readying a 10 year deal will have to contend with S&P's decision to change its ratings outlook for the country to negative on Friday. However, its secondary curve has not been badly affected.

  • 21 Sep 2020

• Spain rumoured for syndication as early as next week

  Spain is looking to follow hot on the heels of the soaring demand Italy attracted this week with its own syndicated bond which could come as soon as next week in what is likely to be a busy one for new issues ahead of the European Union’s re-entry as a jumbo borrower, according to SSA bankers.

  • 11 Sep 2020

• Spain applies for over €20bn of SURE cash

  Spain has submitted an application for more than €20bn from the EU’s Support to Mitigate Unemployment Risks in an Emergency (SURE) fund.

  • 05 Aug 2020

• SSA secondary pricing update: Strong week for SSA performance

  Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, June 22. The source for secondary trading levels is ICE Data Services.

  • 23 Jun 2020

• SSA secondary pricing update: Spain trades wider despite €78bn book

  Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, June 15. The source for secondary trading levels is ICE Data Services.

  • 16 Jun 2020