Portugal succeeds at auction but fails to sway analysts


Analysts remained unconvinced about Portugal's prospects despite a successful bond auction on Wednesday that saw the Instituto de Gestão da Tesouraria e do Crédito Público (IGCP), the country's debt office, sell €1.249 billion ($1.626 billion) in bonds.

The sale of note maturing in October 2014 fetched €650m, while the note maturing in October 2020 fetched €599m. The weighted average yield, which indicates the premium investors attach to the notes, stood at 5.396% for the four-year note and 6.71

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: