Portugal raises €1.2bn with average yield of 6.7%

The debt-burdened Portuguese government has successfully raised €1.2bn on the money markets this morning.

Portugal raises €1.2bn with average yield of 6.7%
Wed, 12 Jan, 2011 - 11:43

The debt-burdened Portuguese government has successfully raised €1.2bn on the money markets this morning.

Its latest bond auction was two and a half times over-subscribed, with an average yield (or interest rate) of 6.7%.

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