EU reported to sell 26-year bonds for Portugal

The European Union is tapping bond markets for the third time this year with a sale of 26-year securities to help fund the bailout of Portugal.

17th April, 2012
EU reported to sell 26-year bonds for Portugal
The EU's bond sale is to help fund the bailout of Portugal.

The European Union is tapping bond markets for the third time this year with a sale of 26-year securities to help fund the bailout of Portugal.

The European Financial Stabilisation Mechanism is issuing at least €1 billion of notes today that may be priced to yield about 88 basis points, or 0.88, percentage point, more than the swap rate, according to a banker involved in the transaction.

The offering is the first since the EFSM raised €3...

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