Investors pile into Portuguese 10 year
Portugal became the second borrower from Europe’s periphery to find liquidity at the long end of the curve this week, after it priced a tap of a February 2024 bond that was three times covered on Tuesday. Spain’s Fondo de Amortización del Déficit Eléctrico (FADE) joined the peripheral party with a September 2017 syndication on the same day.
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