Spain Sold 66% Of EUR6 Billion 10-Year Bond To Foreign Buyers

LONDON (Dow Jones)--Spain sold 34% of its EUR6 billion, 10-year syndicated bond to Spanish investors, and the remainder to non-domestic accounts, data from the Spanish State Treasury showed Wednesday. Just over 20% of the bonds were bought by investors from the U.K., a little over 13% went to Asia, 6.2% to the Nordic countries, 6% to France, 5% to the Benelux region, 4.8% to Germany and Austria, 3.9% to Italy, and 2.7% to the Middle East. By investor type, the biggest investors were banks, which bought 37.2% of the deal, followed by fund managers, with 24.3%. Central banks or other official institutions bought 19.3%, pension funds 8.5%, and insurers 8%. Demand was in excess of EUR14.5 billion. The EUR6 billion issue, which priced to yield 4.874%, was the Kingdom of Spain's third syndication of 2010 and brings Spain's year-to-date issuance to approximately EUR58 billion, which is around 60% of the 2010 issuance program for the year. Barclays PLC, Deutsche Bank AG, Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA, Credit Agricole SA and Caja de Madrid were lead managers. -By Mark Brown, Dow Jones Newswires; + 44 (0)207 842 9485, mark.brown@dowjones.com (END) Dow Jones Newswires July 07, 2010 03:23 ET (07:23 GMT)