Portugal 2011 Bond Sales as Much as 20 Billion Euros
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Portugal, struggling to cut the euro region’s fourth-largest budget deficit, plans to sell as much as 20 billion euros ($26 billion) in bonds next year to help finance the gap.
The country’s total borrowing needs are expected to be about 20 billion euros, the debt agency, known as the IGCP, said today in an e-mailed statement. The government plans to sell a new bond through banks in the first quarter, it said.