Spain mandates banks for new 15-year bond syndication -lead manager

Kitco Media
By Reuters
Published:
Updated:
Reuters
MADRID, Feb 20 (Reuters) - Spain has mandated banks to help it place a new syndicated 15-year bond, according to a lead manager memo seen by Reuters on Monday. Deutsche Bank, J.P. Morgan, Morgan Stanley, Nomura, Santander and Societe Generale have been picked to sell the new bond. The transaction will be launched in the near future subject to market conditions, the memo said.


Last month, Spain raised 13 billion euros ($13.88 billion) via a syndicated sale of a 10-year benchmark with demand surpassing 86 billion euros. It was the second-largest amount issued by Spain and the second-highest demand in a Spanish syndicated sale. ($1 = 0.9364 euros) (Reporting by Yoruk Bahceli in London, writing by Emma Pinedo in Madrid, editing by Andrei Khalip)

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