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Catalonia Plans €2.7B Bond Sale

Catalonia, the northeastern region of Spain, is planning to raise around €2.7 billion in a sale of retail notes.

Catalonia, the northeastern region of Spain, is planning to raise around €2.7 billion in a sale of retail notes, Reuters reports. The two-year tranche notes will be capped at €1.06 billion.

The bonds with maturity of one year will pay a 4.25% coupon rate, while the two-year bond will pay 4.75%.The managers for the sale are La Caixa, Catalunya Caixa and Unnim, Banco Sabadell and Barclays.

Click here for the story from Reuters.

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