Portugal borrows with highest interest since November

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Source: Bloomberg
© Scanpix/FP
Portugal government issued new bonds on Wednesday with a maturity of 18 months, borrowing as much as 750 million euros. The average yield reached 2.293%, the highest since November 2011, when the government issued the similar bonds with a yield of 2.99%. Moreover, just three months ago investors asked for 1.6% in interest. Economists explain the higher rates by recent political crisis in the country.
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