LatAm Bonds
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An improvement in peripheral government spreads this week allowed the Republic of Portugal to revive its 10 year syndication postponed from last week and Ireland to issue a new Eu4bn three year bond.
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The full price of Royal Bank of Scotland’s aggressive balance sheet-led strategy of recent years became clear this week as it laid out plans to shed nearly half of its assets after posting a £40.7bn pre-tax loss on Thursday. The post tax loss amounts to £24.1bn.