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ICO International Coal Grp.

14.59
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
International Coal Grp. NYSE:ICO NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.59 0.00 01:00:00

Spain's ICO Revises Pricing On Euro 4-Year Bond To SPGB +0.55-0.60

13/03/2012 11:19am

Dow Jones News


International Coal G (NYSE:ICO)
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Spain's state-owned business support group Instituto de Credito Oficial, or ICO, has revised pricing on its euro-denominated, benchmark-size, four-year bond to between 55 to 60 basis points over the corresponding government bond, or SPGB, one of the banks running the deal said Tuesday.

This is tighter than initial price guidance, which was in the area of 60 basis points over midswaps.

Books on the bond are in excess of EUR1.4 billion.

BBVA, Caixabank, HSBC Holdings PLC and Societe Generale SA are the lead managers on the deal, which is expected to price later Tuesday.

The issuer is rated A3 by Moody's Investors Services Inc., A by Standard and Poor's Corp. and A by Fitch Ratings.

-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com

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