5/7/2013

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."

Related Summaries