Portugal Debt Swap - Favourable Fado
Wednesday October 3rd 2012
images/uploads/SPL Portugal Debt Swap, Favourable Fado 03-10-12.pdf-
April 2011: Portugal received EUR78Bn in aid.
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Since then it has diligently plotted an economic reformation.
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Yield curve “belly” normalised in June 2012.
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Success in a debt swap; lightens the 2013 redemption burden.
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