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Today’s market chatter in Spain

MADRID | By Jaime Santisteban | Spanish government plans to create a state firm to house the failed toll roads, which will issue a 30-year bond of around 2.3 billion euros to pay the motorways’ debt. Also, creditor banks will be forced to accept a 50 percent haircut. In this regard, analysts at ACF and Sabadell don’t expect a considerable harm on licensed building companies’ share price.