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

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 (SAN) are managing the deal.

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