Four banks are preparing a €500m ($450.3m) bond sale for RTVE, the Spanish TV station, which they claim will appeal to investors looking for safe-haven debt propositions.

Commerzbank and Crédit Agricole Indosuez have the mandate to run the RTVE bond issue alongside Spanish banks BBVA and Caja Madrid. The deal's launch is subject to market conditions, but should take place in the near future.