‘Government promotes debt sale in Europe’

Published on 14 March 2013 at 09:49

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The Government will start a "roadshow" next week aiming to promote trade in its national public debt and pave the way for a debt issue of 10-year bonds, to try to copy Ireland's March 13 success, in which it raised €5bn through bond sales.
No date has yet been scheduled for the bond issue and the goal is to convince investors that it is worth buying Portuguese debt.
According to the latest evaluation report prepared by the Troika (EU-ECB-IMF), visits are planned to the US, Europe and Asia, a continent where Portugal faces penetration difficulties.
A team of creditors representing the Troika, who arrived in Portugal to carry out the seventh review of the country’s compliance with its bailout conditions, have concluded their visit. The results of the trip, scheduled to last only two weeks but which in fact lasted 18 days, will be announced by Finance Minister Vitor Gaspar on March 15.

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