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Spain bank fund bond books more than 1 bln euro

Source: Reuters - Tue 5th Jul 2011

Spain's bank restructuring fund, the FROB, has booked more than 1 billion euros from around 75 investors for a 5-year Spain guaranteed benchmark bond, said IFR Markets, a Thomson Reuters news and market analysis service.

Pricing guidance remains at around 80 basis points over mid-swap levels of the April 2016 sovereign bond, IFR said.

Pricing of the bond is expected later on Tuesday from Barclays, BBVA, BNP Paribas, Deutsche and Natixis, IFR said.

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