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Portugal to issue up to 1bn euros bonds Nov. 12

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By Shoaib Ur Rehman
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imageLISBON: Portugal's IGCP debt agency said on Friday it will issue between 750 million euros and 1 billion euros in bonds due Feb. 2024 at an auction on Nov. 12.

The bonds have a coupon of 5.65 percent and settlement will be on Nov. 14.

Portugal has easily recovered bond market access since it exited its bailout in May and its yields are currently trading near all-time lows thanks to the European Central Bank's expansive monetary policy.

Copyright Reuters, 2014

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