“We view the result of the exchange transaction as a big success for Portugal as it is heading out of its existing bailout program,” David Schnautz, a fixed-income strategist at Commerzbank AG, said in the article. The exchange “limits the near-term rollover risk.”
The country acquired a 78 billion euro international bailout during the height of the Eurozone financial debt crisis.
Global X FTSE Portugal 20 ETF
For more information on Portugal, visit our Portugal category.