Comments from Portuguese Secretary of State for Treasury Castelo Branco says he would like to pre-finance two thirds of the countries 2015 funding needs and says issuing debt in USD’s is always a possibility.
The sale of bonds via banks remains a possibility also and it’s important to create new and longer term benchmarks when possible. He adds that Portugal has a cash buffer to cover 1 year of funding needs but the buffer doesn’t have a pre-defined size.
So, you cash rich Americans, do you fancy some exchange rate mitigated Portuguese debt?
Portugal on the other hand would want a stable exchange rate. I wonder how they would get that?
