LISBON: Portugal is holding roadshows to explain its financing strategy to international investors as it works on an Irish-style gradual return to bond markets, but there is no specific longer-term debt issues planned for now, a senior official said on Friday.
"The strategy consists in attracting more investors and volumes back into our secondary market and optimising our bond curve, following a strategy similar to Ireland's," Joao Moreira Rato, head of the government's IGCP debt agency, wrote in an e-mailed reply to questions from Reuters.
He said investors already visited during the roadshows have shown good reaction, but would not elaborate.
On Wednesday, Portugal took what Moreira Rato described as "a first step to regain access to medium- and long-term debt markets" with a bond swap worth a hefty 3.757 billion euros ($4.91 billion).
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