Spain Sells $2.85B In Power Bonds

Spain has raised $2.85 billion in sale of FADE 10-year power tariff bonds.

Spain has raised $2.85 billion in sale of FADE 10-year power tariff bonds, Reuters reports. The bonds yield was set at mid-swaps plus 244 basis points. The sale is part of the government’s plan to pay utilities, such as Iberdrola and Endesa. On February 15, the country had sold 4.5 year bonds.

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