ICO Said to Sell 1.5 Billion Euros of Six-Year Bonds

Instituto de Credito Oficial sold 1.5 billion euros of six year bonds that were priced to yield 62 basis points more than Spanish government debt, according to a banker involved in the deal.

Bankia SA, La Caixa and Banco Santander SA (SAN) managed the transaction.

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

To contact the editor responsible for this story: Michael Shanahan at mshanahan3@bloomberg.net

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