Spain is creating €6 billion of government securities, which it plans to inject into the country’s bank-rescue fund to bolster its capital, according to an official at the Economy Ministry.
The bailout facility, known as FROB, will in turn conduct a €4.5 billion recapitalisation of Bankia group in a separate transaction, the official, who asked not to be named in line with the office’s policy, said today.
Spain’s bank-rescue fund will...
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