BREAKING NEWS

Portugal makes successful return to bond market

Now Reading:

Portugal makes successful return to bond market

Text size Aa Aa

Portugal has issued its first new government bonds since requesting an international bailout two years ago, offering 10-year debt in an issue expected to raise at least €3bn.

It is returning to the market earlier than expected, having initially intended to raise funds again in September. Portuguese officials say the country is fully-funded until the end of the year, and investor interest suggests a yield of around 5.6%. The country’s outstanding 10-year debt yield fell again today to just over 5.5%, its lowest since September 2010.