Demand for Portugal's dual-tranche tap over 3.2bn

April 29, 2015 9:25 AM

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LONDON, April 29 (IFR) - Investor demand for Portugal's taps of 10- and 30-year bonds is in excess of 3.2bn, including 555m of joint lead manager interest, according to a lead.

The sovereign has set guidance on the increase of the 2.875% October 2025 and 4.1% February 2045 bonds unchanged from initial price thoughts at 160bp area and 215bp area over mid-swaps.

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