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EUROZONE ISSUANCE

EUROZONE ISSUANCE: /PORTUGAL: New 10-Yr Portuguese EUR benchmark syndication:

"The REPUBLIC OF PORTUGAL, rated Moody's Baa3 (Stable), Standard and Poor's BBB-

(Positive), Fitch Ratings BBB (Stable), has mandated BBVA, BNP PARIBAS, CITI,

CREDIT AGRICOLE CIB, MORGAN STANLEY and NOVO BANCO as Joint Lead Managers for a

forthcoming long 10-year Benchmark Portuguese Government Bond (PGB) maturing on

15 June 2029.

- The syndicated transaction is expected to be launched and priced in the near

future, subject to market conditions. The issue will be RegS Category 1, 144A

eligible and contain CAC. FCA/ICMA stabilisation. Manufacturer target market

(MIFID II product governance) is eligible counterparties, professional and

retail (all distribution channels)." -market source

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