Demand in Spain’s new 10-year syndicated bond sale surpassed 105 billion euros ($118.91 billion) on Wednesday, according to a lead manager memo seen by Reuters.
The bond, maturing on October 31, 2035, was guided to yield seven basis points above Spain’s outstanding 10-year bond due on April 30, 2035, below the initial guidance of 9 bps.
Barclays, BBVA, J.P. Morgan, Morgan Stanley, Santander and Societe Generale have been picked to sell the bond.
($1 = 0.8830 euros)