Spain Said to Consider Backing Regional Bonds With Taxes - Bloomberg
Spain is considering guaranteeing
joint regional bond issues with tax revenue, three people
familiar with the plans said, as the government seeks to help
regions access markets without overburdening the central
administration.
Under the plan, regions would set aside tax revenue in a
deposit account to guarantee that holders of the bonds issued
for regions get paid first, said the people, who declined to be
identified as the proposal isn’t public.
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