Budget vote seen crucial for Portuguese bank issuance
Portuguese bank issuance could be on the cards if the country’s parliament approves the 2011 budget in a vote on Tuesday. At least two banks are thought to be lining up for possible bond transactions if the budget is passed.
With concerns continuing over the stability of the Portuguese economy not helped by the failure of the minority government to gain sufficient opposition support for the budget last week investors have been keen to see the outcome of the budget discussions before committing to deals. But
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