By Emese Bartha

 

Portugal raised 3 billion euros ($3.41 billion) via the syndicated launch of a new 20-year, April 2042-dated government bond on Wednesday, one of the lead manager banks said.

The bond carries a 1.15% coupon, and it was priced at 99.372, at a yield of 1.185%, the same bank said.

Books for Portugal's first bond issue this year exceeded EUR20 billion at close, including EUR2.6 billion joint lead manager interest, the same bank said. The spread on the bond was set 60 basis points above midswaps, it added.

Lead manager banks of the issue are BNP Paribas, Credit Agricole CIB, Morgan Stanley, J.P. Morgan, Nomura and NovoBanco.

 

Write to Emese Bartha at emese.bartha@wsj.com

 

(END) Dow Jones Newswires

January 12, 2022 11:00 ET (16:00 GMT)

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