Saturday, May 23, 2015   

Portugal lures investors for dollar-denominated bonds
(07-02 18:57)

Portugal said Wednesday it has launched its first sale of dollar-denominated bonds in four years as it gains market confidence after emerging from a 78-billion-euro international bailout.
"The order book is open,'' said an official at the Portuguese Treasury and Debt Management Agency, which this month expressed its interest in diversifying its sources of financing.
Investor demand for the bonds exceeded US$2 billion, and the yield, or annual return to investors, is likely to be about 5.2 percent, according to Dow Jones Newswires.
The bond sale, handled via a syndicate of banks made up of Barclays, Danske Bank, HSBC and Societe Generale, was to be completed during the day.
Portugal last placed dollar-dominated bonds in March 2010 when it raised US$1.25 billion in a sale of five-year debt.
Portugal emerged from a three-year bailout programme supervised by the European Union and International Monetary Fund on May 17.
The centre-right government aims to lower the annual public deficit to the equivalent of 4.0 percent of total economic output by the end of this year from 4.9 percent in 2013.   
Other Business breaking news:
Hang Seng, Shanghai end higher (05-22 16:39)
Margin trading exceeds 2 trillion yuan, propelling risky rally in China markets (05-22 16:14)
German business confidence wanes (05-22 16:08)
Year end start for China led development bank (05-22 16:06)
European equities open higher (05-22 15:33)
Domestic demand lifts German economy (05-22 14:40)
Wal-Mart decides to bypass Li and Fung (05-22 14:28)
Nikkei edges up at close (05-22 14:25)
Hang Seng, Shanghai rally (05-22 12:45)
Goldin Financial shares rebound by 3.6pc (05-22 12:43)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.