Periphery readies next steps on road to recovery

By Craig McGlashan
03 Apr 2014

The second quarter of the year is looking set for some major landmarks in peripheral eurozone sovereigns’ journey back to market normality, after Portugal outlined details for a return to bond auctions and talk of an imminent benchmark from Greece reached fevered levels.

Meanwhile, Spanish issuers enjoyed a bumper week, as the sovereign auctioned five year debt at a euro era low and the Autonomous Community of Galicia’s built more than a twice covered book for its first syndicated bond in four years.

Portugal said on Thursday that it will hold ...

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