Portugal sets final terms on 10-year dollar bond

miércoles 2 de julio de 2014 09:04 GYT
 

By Julian Baker

LONDON, July 2 (IFR) - Portugal has set final terms on its USD4bn 10-year US dollar benchmark after books reached more than USD10bn, according to a lead.

The RegS/144a note will price later today at 260bp over Treasuries via lead banks Barclays, Danske, HSBC and Societe Generale.

Marketing began on Tuesday at 270bp area over Treasuries, before official guidance Wednesday morning at 265bp area and a later revision to 260bp area, plus or minus 5bp.

Portugal is rated Ba2/BB/BB+ (positive/stable/positive).

(Reporting by Julian Baker; editing by Sudip Roy)