BES returns Portugal to senior market with high-yielding offering

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BES returns Portugal to senior market with high-yielding offering

Banco Espirito Santo found good demand for the first public senior unsecured deal from a Portuguese bank since the first quarter of 2010 on Wednesday, which arrived with an eye-catching 6.25% yield. Achmea Hypotheekbank also opened a €500m trade, with books well above €1.5bn by midday.

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