World News

Portugal puts 2020 net borrowing needs at around 9.5 billion euros

LISBON (Reuters) – Portugal’s net borrowing needs this year are expected to total nearly 9.5 billion euros ($10.62 billion), the state debt agency IGCP said on Monday, putting gross government bond issuance at 16.7 billion euros.

The bond issuance will be carried out via a combination of syndicated operations and monthly auctions, it added.

($1 = 0.8942 euros)

(Reporting by Andrei Khalip)