Fondo de Amortizacion del Deficit Electrico, also known as FADE, the securitization vehicle set up to fund the tariff deficit in the Spanish power industry, is planning to sell €125 million ($166 million) worth of bonds.

Moody's Investors Service has assigned a provisional rating of '(P)A1'  to the offering, which constitute an increase in the total amount of series 2 notes issued in February 2011.

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