Portugal Privately Places 1 Billion Euros of Bonds
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The Portuguese government issued 1 billion euros ($1.29 billion) of 2.5-year notes through a private placement as the nation seeks to narrow its budget gap.
Portugal sold zero-coupon debt due July 2012 in a transaction led by Deutsche Bank AG, according to data compiled by Bloomberg. The Finance Ministry confirmed the medium-term note offering in an e-mail today without providing more details.