The Portuguese Treasury has raised €3.5 billion through a bond sale, The Wall Street Journal reports. The first syndicated bonds are due to mature in 2016. Through the offering, Portugal will have sold €4.7 billion, or about 26% that it expects for 2011.
Portugal received bids worth €6 billion for the sale. Banks, including Barclays Capital, BNP Paribas, Caixa-Banco de Investimento, Deutsche Bank, HSBC and Morgan Stanley managed the deal, adds The Straits Times.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from The Straits Times.