Kingdom of Spain launched on Wednesday 13 January its first syndicated Obligación del Estado of the year. In spite of a significant volume of competitive supply (EUR 22bn raised in the public sector between Monday 11 January and Wednesday 13 January) the Kingdom of Spain successfully attracted a wide range of investors in its transaction, both at the domestic and at the international level. The Kingdom of Spain has initiated a solid start to their 2010 funding programme underlining the strength and attractiveness of the Spanish credit.