Known as 'Panda' bonds, that's yuan-denominated debt issued by a foreign sovereign issuer, the sale will take place Wednesday and Thursday.
Portugal's Finance Minister Mario Centeno told CNBC that the issuance is a "positive step in managing Portugal's external debt in the medium term."
Known as "Panda" bonds, that's yuan-denominated debt issued by a foreign sovereign issuer, the sale will take place Wednesday and Thursday. The southern European country announced last week its intention to sell 2 billion yuan worth of bonds with a maturity of three years.
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