Portugal lines up as Belgium takes record €55bn book

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By Burhan Khadbai
31 Mar 2020

Portugal will be hoping to mirror the success of Belgium after the latter smashed records in the public sector bond market on Tuesday with the biggest ever order book for an SSA borrower in euros. Both Portugal and Belgium have announced an anticipated increase to their 2020 funding programmes as result of the Covid-19 crisis.

Soon after Belgium’s record-breaking seven year deal, Portugal mandated Barclays, BBVA, CaixaBi, Crédit Agricole, JP Morgan and Morgan Stanley for a euro benchmark in the same maturity. It will be Portugal’s second syndicated bond of the year following a 10 year in January.

The ...

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