Spain accepts 3.6 billion euros of 2015 bonds in switch offer

Written By Unknown on Kamis, 12 Juni 2014 | 18.12

By John Geddie

LONDON, June 12 Thu Jun 12, 2014 6:41am EDT

LONDON, June 12 (Reuters) - Spain has accepted 3.6 billion euros of bonds maturing in 2015 in exchange for a new 10-year bond, the Spanish Treasury said on Thursday.

It has accepted 2.14 billion euros of 3 percent April 2015 bond, 600 million euros of a 4 percent July 2015 bond and 910 million euros of a 3.75 percent October 2015 bond.

Investors will be offered a new bond maturing in October 2024 bond in exchange, which is set to price later on Thursday. Over 12 billion euros of orders have been placed for the new 10-year bond, including those switched. (Reporting by John Geddie; Editing by Marius Zaharia)


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