Portugal Budget Pact Fails to Cap Borrowing Costs: Euro Credit – BusinessWeek

On the same day as the bill sale, utility EDP-Energias de Portugal SA signed a 2 billion-euro revolving credit line that will cost the company 90 basis points more than benchmark money-market rates, below the 150 basis-point premium it paid for a credit …

Portuguese Budget Pact Fails to Cap National Borrowing Costs: Euro Credit – Bloomberg

On the same day as the bill sale, utility EDP-Energias de Portugal SA signed a 2 billion-euro revolving credit line that will cost the company 90 basis points more than benchmark money-market rates, below the 150 basis-point premium it paid for a credit …