UPDATE 1-Portugal regulator suspends trading in Novo Banco debt

December 29, 2015 2:32 PM

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LISBON Dec 29 Portugal's market regulator on Tuesday suspended trading in bonds issued by Novo Banco, which media reports said might mean the bonds could be used to fill a capital shortfall at the bank.

Novo Banco is the "good bank" created from Banco Espirito Santo in August 2014 in a 4.9 billion euro ($5.35 billion) rescue. Novo Banco has no shares but its bonds are traded.

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