A subsidiary of Santander, Santander Totta, has said that it bought €1.77bn ($1.95bn) in Portuguese medium-term notes this week as part of a deal agreed with Lisbon to capitalise troubled bank Banif. The move is the first time since 2008 that Portugal has sold its debt on international markets.
A subsidiary of Santander, Santander Totta, has said that it bought €1.77bn ($1.95bn) in Portuguese medium-term notes this week as part of a deal agreed with Lisbon to capitalise troubled bank Banif. It denies reports that it bought the debt in early February when Portuguese bond yields spiked to their highest since 2014.