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Spain Lottery eyes 4.5 bln bond

Source: Reuters - Tue 23rd Apr 2013
Spain Lottery eyes 4.5 bln bond

Spain's state-owned Lottery is eyeing raising up to 4.5 billion in a bond or seeking bridge loans before going to capital markets, a source at the economy ministry told Reuters on Tuesday.

Loterias y Apuestas del Estado, as the lottery is known, will move forward with the issue after it finalises a 1.5 billion syndicated loan for which it has received offers of 4.3 billion, the source said.

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