Spain
-
Ence, the Spanish biomass energy company, finalised a €160m equity-linked bond on Thursday to fund the voluntary redemption of an earlier straight bond. -
Spain’s first trip to the long end of the curve in almost two years met with an overwhelming response, as the sovereign received one of the largest books ever for a 30 year bond.
-
Spain has picked banks for its second deal of the year, looking towards the long end of the curve for the first time since May 2016.
-
Santander's co-head of FIG trading has left the bank. GlobalCapital understands.
-
Prisa, the Spanish media group, has raised €563m to tackle its high debts after its rights issue finished more than seven times oversubscribed.
-
The Autonomous Community of Madrid this week made a triumphant second visit to the socially responsible investment (SRI) market as it printed a deal double the size of its debut last year. Further issuance from the borrower — in conventional and SRI format — is likely to come soon, although in private placement (PP) format. But there may be further SRI issuance from some of Madrid’s Spanish peers.
-
-
Spanish regional issuers are in discussions with the Autonomous Community of Madrid in an effort to add their names to the list of Spanish public sector SRI bond issuers.
-
The Spanish National Court has ordered parties involved in a criminal investigation into Banco Popular to hand over nearly 80 related documents, including a full and unredacted version of Deloitte’s valuation report.
-
The Autonomous Community of Madrid on Tuesday printed its largest ever sustainable bond — and its biggest bond of any kind in three years — with a trade that was double the size of its SRI debut last year. Bankers away from the trade hailed the “excellent” result, with one saying it was “probably as good a result as the issuer could have hoped for”.
-
The Autonomous Community of Madrid is prepping its second ever sustainable benchmark, after mandating banks on Monday.
-
The European Stability Mechanism has cut more than 20% from its funding target for 2018 after approving a request from Spain to pay back €5bn of its ESM loan ahead of schedule.
