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EDP Breaks 20-Month Deadlock as Peripheral Companies Sell Bonds

Energias de Portugal SA is selling the country’s first corporate bonds since January 2011 as companies in the euro-region periphery issue at the fastest pace in more than a year.

EDP, Portugal’s biggest utility, is selling 750 million euros ($978 million) of five-year senior unsecured bonds, according to a person with knowledge of the sale. It’s the country’s first corporate offering since Portugal Telecom SGPS SA sold 600 million euros of five-year bonds in January 2011, data compiled by Bloomberg show.