Portugal opens books on 10-year US dollar bond

martes 1 de julio de 2014 15:00 GYT

By Davide Scigliuzzo

NEW YORK, July 1 (IFR) - The Republic of Portugal, rated Ba2/BB/BB+, has opened books on a new 10-year US dollar bond, setting initial price thoughts of 270bp area over US Treasuries, according to one of the lead managers.

The fixed-rate notes, which will mature in October 2024, are expected to price on Wednesday.

Barclays, Danske, HSBC and Societe Generale are the lead managers on the benchmark-sized transaction. (Reporting by Davide Scigliuzzo; Editing by Natalie Harrison)