LONDON, June 12 (Reuters) – Spain received over 20 billion euros of investor interest for a new 10-year bond issue even before the deal was launched, according to a lead manager, suggesting that demand is likely to prove extremely high when the deal prices later on Wednesday.
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Spain plans to raise up to 6 billion euros from the syndicated bond sale, he added.
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The deal was launched on Wednesday morning with initial price guidance of 37 basis points over mid-swaps, suggesting a yield of around 0.65% by Reuters calculations. (Reporting by Abhinav Ramnarayan; editing by Virginia Furness)