Bloomberg News

Spain’s FADE Said to Plan Sale of Four-Year Bonds in Euros

January 23, 2012

Jan. 23 (Bloomberg) -- FADE, Spain’s Electricity Deficit Amortization Fund, plans to sell four-year bonds in euros, according to a banker involved in the transaction.

The bonds may be priced to yield about 70 basis points more than Spanish government debt, the banker said. Citigroup Inc., Credit Agricole CIB, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc and Banco Santander SA are managing the deal.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net


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