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SpaBol issued a new EUR 1 bn covered bond, with a 10 year maturity at MS +3 bps.

SpaBol priced a new EUR 1 bn covered bond, with a 4.75 year maturity at MS +36 bps today.  The bond settles on November Oct 31.  FV ahead of the issuance was estimated at MS+28-29 bps.  The order book was just north of EUR 1.5 bn at re-offer.   The relative short maturity was driven by investor preferences. 

 

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