Europe's Ultra-Long Debt Trend Builds With 50-Year Spanish Bond
- Nation follows France, Belgium in selling bonds due in 2066
- Deal is a `generational opportunity': Cantor Fitzgerald
Spain Joins Europe's 50-Year Long-Term Debt Party
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The trend for ultra-long European bond sales is gathering pace.
Spain is the latest euro-region sovereign to sell 50-year bonds, with an issue via banks that priced Wednesday. It follows half-century deals last month from France and Belgium as countries take advantage of historically low interest rates to issue ultra-long debt. Italy’s debt agency said in a statement Tuesday that it was “evaluating” demand for a possible 50-year offering.