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Wednesday, 09/07/2011 12:19:49 PM

Wednesday, September 07, 2011 12:19:49 PM

Post# of 24
BBVA declined to $8 from $14 in a year. 0.60 dividend.. STD trading around same level.
STD and BBVA halted issuing new debt.
Spanish Banks Halt Debt Issues On Market Instability - Report
Last update: 9/7/2011 2:20:42 AM
MADRID (Dow Jones)--Spanish banks including Banco Santander SA (STD) and Banco Bilbao Vizcaya Argentaria SA (BBVA.MC) have decided to halt planned debt issues in coming days due to worsening market conditions, newspaper Cinco Dias reports, citing financial sources.
So far this year, Spanish banks have issued debt worth over EUR32 billion, with a EUR1 billion bond sale by Santander in May being the last deal, Cinco Dias adds.
Newspaper website:
-Madrid Bureau, Dow Jones Newswires; +34 91 395 8120;
(END) Dow Jones Newswires
September 07, 2011 02:20 ET (06:20 GMT)

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