Portugal’s paralysis overlooked after Spain breaks free of pain

06 Sep 2010

Portugal remains locked out of the capital markets, even as conditions improve for its neighbour. But until the sovereign braves the syndicated market, little will change.

Spanish banks will be sighing with relief at the positive reception they’ve been given recently in the senior and covered bond markets, but the worries for Iberia are not over yet. Now, the spotlight needs to move to Portugal.

No Portuguese borrower has sold a bond since the ...

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