The Republic of Portugal (Ba3(neg) / BB(stb) / BB+(neg)) issued on the May 7 its first syndicated 10 years OT in 2013. The new EUR 3 billion benchmark matures on February 15, 2024, pays a coupon of 5.65% and was priced at a spread of mid-swap 400 b.p.. The joint lead managers were Caixa BI, Citi, Credit Agricole, Goldman Sachs, HSBC e Societe Generale. |