February 25, 2020 / 1:43 PM / a month ago

Spain to sell 5 bln euros of new 30-year bond

LONDON, Feb 25 (Reuters) - Spain was set to price a 5 billion-euro, new 30-year bond on Tuesday after final orders exceeded 18 billion euros, according a lead manager.

Investor demand fell from the 28 billion euros announced earlier in the day, after the final spread was set.

The deal will price at a spread of 86 basis points over mid-swaps, the lead manager said.

Reporting by Yoruk Bahceli and Dhara Ranasinghe

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