Spain wants to issue bonds denominated in Euros, with a 15-year maturity, even though the markets are worried about its fate as well as that of Portugal, after the outburst of the Greek crisis.
Spain needs to sell 97 billion euros of longer-dated debt this year to replace maturing bonds and fund its budget, and it hired Banco Bilbao Vizcaya Argentaria SA, Credit Agricole SA, HSBC Holdings Plc, Banco Santander SA and Societe Generale SA yesterday to manage the sale.