Seeking Alpha

Portugal to offer new dollar bond

  • Portugal will offer a new 10-year U.S. dollar-denominated government bond, which already has a pre-sale demand above $2B.
  • The issuance will be launched in October, and displays Portugal's new financial standing after an exit from its three-year bailout program in May.
  • The initial price guidance for the bond is attractive to investors looking for higher yield, and will be priced 265 basis points above Treasurys, at a yield of around 5.20%.
  • ETFs: EU, BWX, BNDX, IGOV, DI, LDUR, FWDB
Comments (1)
  • june1234
    , contributor
    Comments (2861) | Send Message
     
    5.2% yield on a 10yr. Have a feeling they'll sell a lot more than $2B worth of that one. Not even Janet can match that.
    2 Jul 2014, 06:59 AM Reply Like
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