Por­tu­gal raises 1 bil­lion eu­ros in bond sale

Kathimerini English - - Business & Finance -

LIS­BON (AFP) – Por­tu­gal raised 1 bil­lion eu­ros ($1.42 bil­lion) yes­ter­day in its first bond sale since an 78-bil­lion-euro debt res­cue deal with the Euro­pean Union and the In­ter­na­tional Mon­e­tary Fund was fi­nal­ized this week. The state pub­lic debt agency said the rate paid to buy­ers of the two-month bills was 4.657 per­cent, com­pared with the 4.652 per­cent of­fered to in­vestors in three-month bills on May 4. The three-year EU-IMF ac­cord re­quires Lis­bon to adopt harsh aus­ter­ity mea­sures so as to re­store its

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