Portugal Faces A Crucial Test To Be Administered By The Markets In The Coming Days
REUTERS/Hugo Correia
"The banks in charge of the operation have already been contacted and the issuance should take place in the coming days," the weekly Expresso wrote.
Portugal is hoping to raise money on the financial markets at a relatively low price as its borrowing costs have been driven down amid an easing of the eurozone debt crisis.
The issuance will be a crucial test of market confidence in Portugal, which hopes to exit its 78-billion-euro ($106-billion) international bailout programme in May.
In January, Portugal was able to raise 3.25 billion euros in five-year debt at a rate of 4.7 percent -- better terms than at a similar operation in January 2013.
- 6 reasons why you should visit Ladakh this summer
- TVS iQube gets a new variant priced under ₹1 lakh, ST variant gets a bigger battery
- As English players begin their premature IPL exodus, Gavaskar calls for action against England Cricket Board
- Top 10 destinations for river rafting in India in 2024
- Should you enrol your child in an online university like IGNOU?