Portugal bond auction a success – finance minister

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Portugal bond auction a success
Portugal's Finance Minister Fernando Teixeira dos Santos gestures at the start of a European finance ministers meeting in Brussels, May 9, 2010. The minister said his country's bond auction on Wednesday was a success, reinforcing the country's strategy of continuing to finance itself in the debt markets
Portugal bond auction a success
Portugal's Finance Minister Fernando Teixeira dos Santos gestures at the start of a European finance ministers meeting in Brussels, May 9, 2010. The minister said his country's bond auction on Wednesday was a success, reinforcing the country's strategy of continuing to finance itself in the debt markets

(Reuters) – Portugal’s bond auction on Wednesday was a success, reinforcing the country’s strategy of continuing to finance itself in the debt markets, Finance Minister Fernando Teixeira dos Santos told Reuters.

“We consider today’s bond auction a success,” Teixeira dos Santos told Reuters in an emailed response to questions, adding that 80 percent of the demand at the auction came from overseas investors.

“Considering this, we see no reason to abandon the strategy of raising financing in markets and diversifying our investor base,” Teixeira dos Santos said.

Source: www.reuters.com