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Cajamar sets covered bond at 750 mln euro min

Source: Reuters - Thu 15th Oct 2009

Cajamar, Spain's largest rural credit cooperative, has set the size of a planned inaugural five-year covered bond at a minimum of 750 million euros ($1.1billion), IFR reported on Thursday.

Initial price guidance is at mid-swaps plus around 85 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.

Caja Madrid, Calyon, Deutsche Bank, HSBC and Santander are managing the deal.

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