Spain's state-owned business support group Instituto de Credito Oficial, or ICO, set pricing on its euro-denominated, benchmark-sized bond in the area of 70 basis points over the corresponding government bond, one of the banks running the deal said Wednesday.

Barclays Plc, Bankia S.A., BBVA, and Credit Agricole are the lead managers on the deal which is expected to price later Wednesday.

-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com

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