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/PORTUGAL: New 10-Yr Portuguese...>

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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