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Spain rescue fund seeks investors from Europe

Tue 25th Jan 2011

It has been reported in the Spanish press that a delegation representing the Bank of Spain's rescue fund - FROB - are rumoured to have held meeting with European investors in London, Paris and Frankfurt in order to persuade them to buy debt in the next sale.

The intention is to place an estimated 3 billion euros of three-year debt with the collaboration of Citigroup Inc., Banco Santander SA, HSBC Holdings Plc, Royal Bank of Scotland Group Plc and Societe Generale SA, according to Spain's Expansion newspaper .

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