Spain’s Catalonia region is seeking to raise between €3 billion and €4 billion from sale of a new retail bond, The Wall Street Journal reports. The new bond will replace a one-year, €3 billion bond sold to retail investors.

The old debt was scheduled to mature in November and has a coupon rate of 4.75 percent coupon. The government is still analyzing the exact terms of the new issue.

Click here for the story from The Wall Street Journal.