Portugal reportedly hires banks for bond issuance

05/7/2013 | Bloomberg · Wall Street Journal, The

Portugal has hired Societe Generale, HSBC Holdings, Citigroup and other banks to underwrite its first bond issuance since it requested financial assistance from the EU two years ago, a source says. "It's a further sign of normalisation in the euro-area sovereign-bond market," said Ciaran O'Hagan of Societe Generale. "Investors have been actively seeking to add long-dated, high-yielding, duration."

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Bloomberg · Wall Street Journal, The

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