Portugal to issue five-year treasury bonds, Finance Minister says

9 January 2014

Portugal’s Finance Minister, Maria Luís Albuquerque, Wednesday confirmed that Portugal would “soon” issue five-year sovereign bonds and noted that this was evidence of the progress made by the country.

Financial news agency Bloomberg had reported that Portugal had mandated a banking syndicate made up of Caixa BI, Barclays, Goldman Sachs, HSBC, Morgan Stanley and Société Generale to issue the five-year debt in the near future.

The Portuguese state is expected to issue between 3 and 4 million euros of bonds at an interest rate of around 4.6 percent.

“Both the success of the debt swap operation in December, and the drop in interest rates on the debt are encouraging for the strategy of a full return to the market, and a new five-year debt issue has already been announced,” said Albuquerque. (macauhub)