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Portugal pays raised rate to borrow three-month funds
LISBON: Portugal raised 854 million euros ($1.2 billion) for three months on Wednesday but had to pay an increased rat
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LISBON: Portugal raised 854 million euros ($1.2 billion) for three months on Wednesday but had to pay an increased rate of 4.959 percent, sources in the debt market said.
The debt management agency had set a target of raising 750 million to one billion euros. Demand was 2.2 times the amount of bonds on offer.
Copyright AFP (Agence France-Presse), 2011
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