Spain’s ICO Said to Sell at Least 500 Million Euros of Bonds

Spain’s Instituto de Credito Oficial is adding at least 500 million euros to its bonds due January 2014, according to a person with knowledge of the deal.

The bonds will be priced to yield 75 basis points more than Spanish government debt, the person said. Bankinter SA (BKT) and Credit Agricole SA (ACA) are managing the re-opening.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

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

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