Spain in the news

• 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

• Spain EUR12bn 1.2% Oct 40

  • 11 Jun 2020

• Eurozone sovereigns gather over €160bn in orders

  There were no issues of competing supply on Tuesday as three eurozone sovereigns amassed big order books, buoyed by last week’s expansion of the Pandemic Emergency Purchase Programme (Pepp).

  • 09 Jun 2020

• Spain and SNCF go for 20s after EIB smashes records with Ecoop

  Spain and SNCF SA announced new euro benchmarks with 20 year maturities on Monday, following the European Investment Bank’s record-breaking effort in the tenor last Friday.

  • 08 Jun 2020

• Spain to hold a global investor call on updated borrowing needs

  The Spanish treasury has invited investors to join a call on Friday to discuss the sovereign’s recently updated funding programme for the year.

  • 04 Jun 2020

• Spain adds €97.5bn of net funding in response to Covid-19

  Spain’s economy ministry has announced an update to the sovereign’s 2020 funding programme, which will see it borrow much more than initially announced as it tackles the pandemic.

  • 26 May 2020

• SSA secondary pricing update: World Bank 10 year tighter but Germany marginally widens

  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, May 11. The source for secondary trading levels is ICE Data Services.

  • 12 May 2020

• Ico gets big reception as ESM posts RFP

  Instituto de Crédito Oficial (Ico) was almost seven times covered for its four year Covid-19 social bond on Wednesday, as investors continue to support deals to tackle the pandemic. The European Stability Mechanism could follow with a similar maturity next week, after it sent banks a request for proposals (RFP).

  • 06 May 2020

• Ico readies Covid-19 social bond

  Instituto de Crédito Oficial (Ico) is holding a series of investor calls to introduce its updated social bond framework ahead of a transaction which will be specifically used to target the effects of the coronavirus pandemic.

  • 05 May 2020