Bond markets: Alberto Soares on Portugal’s pressure points
One of the smallest EU sovereign issuers is determinedly fighting its corner, as Portugal’s debt agency head, Alberto Soares, tells Alex Chambers.
Alberto Soares, IGCP: in a good position for the year ahead
How do you feel about the progress you have made for your financing activity in the first quarter?
Even considering the potential additional needs derived from the government rescue plans and a small increase of the revised budget deficits, our financing needs for 2009 won’t be much different from what they were in 2008 (due to a more favourable redemption profile this year), so we are not planning to introduce significant changes on the structure of issuance, namely the mix of auctions/syndicates.