Conditions applicable to taps of the 4% Obligación del Estado, maturing on the 31st of October 2064 in 2014

The Spanish Treasury is willing to consider private placement proposals to tap the 4% Obligación del Estado, maturing on the 31st of October 2064 under the following conditions:

  • Minimum size of EUR 200 millions
  • Attractive cost compared to outstanding references issued by the Kingdom of Spain.

Orders should be left with Primary Dealers of the Kingdom of Spain, who will relay the proposals to the Spanish Treasury. Proposals will be evaluated based on size, cost to the Spanish Treasury and diversification of the investor base.