LONDON, July 7 (Reuters) - Instituto Credito Oficial (ICO) , which is guaranteed by Spain, is planning a 3-year, $1 billion bond, IFR reported on Tuesday.

Guidance has been set at mid-swaps plus 50 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.

The bond will be managed by JP Morgan, IFR said.

(Reporting by Victoria Bryan) Keywords: ICO BOND/

(victoria.bryan@thomsonreuters.com; +44 207 542 9688; Reuters Messaging: victoria.bryan.thomsonreuters@reuters.net)

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