Portugal Raises €1B In Debt Issue

Portugal has raised €1 billion in a short-term government debt issue.

Portugal has raised €1 billion in a short-term government debt issue, Financial Times reports. It issued 12-month treasury bills, whose proceeds will be used to refinance redemptions of the same type of debt, adds The Wall Street Journal. The demand for treasury bills was 2.2 times the amount sold. The country, which has an annual target of €18-20 billion in debt sale, has issued around €7 billion in bonds this year.

Click here for the story from Financial Times.

Click here for additional coverage from The Wall Street Journal.