Instituto de Credito Oficial (ICO) has raised €2 billion in a sale of bonds, Reuters reports. The Spanish financial firm’s notes carry a coupon rate of 3.875% and will mature on May 16, 2013.
The bonds are spread at 184 basis points over mid-swaps. Credit Agricole, HSBC, JP Morgan and Santander Global Banking & Markets served as the lead managers for the deal.
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