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Spain Plans Tariff Bonds Sale

The Spanish government is planning to sell tariff bonds in January.

The Spanish government is planning to sell tariff bonds in January, Reuters reports. The government had agreed to a bond issue of up to €25 billion in November to securitize the tariff deficit in November.

The financial details and the date of the issue are yet to be decided. The government is seeking to reduce the power tariff deficit by 2013, with a mixture of higher tariffs and lower subsidies for renewable energy.

Click here for the story from Reuters.


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