BES woes fail to dim Portugal’s dollar blow-out
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BES woes fail to dim Portugal’s dollar blow-out

Portugal returned to the dollar market on Wednesday, storming through its first syndication in the currency since 2010. Appetite for yield and an attractive pickup over euros allowed the issuer to draw a large order book, despite Banco Espirito Santo, one of the country’s major lenders, suffering extreme volatility in secondary bond markets in the days leading up to the sale.

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