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Galp stakes keep giving as Amorim sells €350m exchangeable

Portuguese holding company Amorim Energia made its capital markets debut on Wednesday with a €350m-€400m bond exchangeable into oil firm Galp Energia, becoming the third issuer to offer paper linked to the name. The bonds were priced at the best terms for the issuer from the indicated range and traded up two to three points in the aftermarket.

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