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Italy's Bank Fund Shows Portugal a Path It May Struggle to Take

Edit Bloomberg 20 Apr 2016
Italy’s effort to clean up its banks is being watched closely in the home of the euro region’s worst performing bond market ... “The big question is who will capitalize this vehicle or bad bank?” said Joao Pereira Leite, the Lisbon-based director of investments at Banco Carregosa SA, which manages about 600 million euros ($680 million) in assets. “You need to know where Portugal is going to get the money.” ... ....

Portugal, in political limbo, still manages to borrow at negative rates

Edit Yahoo Daily News 18 Nov 2015
Portugal may be in political limbo, but still succeeded in borrowing money at negative rates Wednesday, a reassuring comeback for a country which had to be bailed out during the eurozone debt crisis ... That was the first time Portugal ever managed to place one-year bonds at a negative interest rate ... "It's a record, these are the lowest rates Portugal has ever obtained," said Filipe Silva, an analyst at Banco Carregosa....

Espirito Santo Collapse Triggers Bank Merger Discussions

Edit Bloomberg 17 Mar 2015
(Bloomberg) -- Just months after the Espirito Santo family empire unraveled, pushing what was once Portugal’s largest lender into a bailout, a flurry of merger discussions is shaking up the banking industry ... in London ... The shakeup began in August ... Potential Bidders ... “The recent history of consolidation in banking in Portugal is full of unsuccessful stories,” said Joao Pereira Leite, the director of investments at Banco Carregosa SA....

Portugal issues 10-year bonds at record low yield

Edit Xinhua 26 Feb 2015
LISBON, Feb ... "At these prices, it makes every sense for Portugal to finance itself on the market and gain momentum to pay off early the troika loan, which was made at higher rates," Filipe Silva, director of asset management at Banco Carregosa, told Portuguese Lusa News Agency ... Editor. Tian Shaohui ... ....

Portugal issues bonds at record-low yields

Edit Xinhua 19 Feb 2015
LISBON, Feb ... Filipe Silva, director of asset management at Banco Carregosa, said in a statement that the results were "very positive to help lower the average cost of Portuguese debt" and said that uncertainty in Greece had not influenced Portuguese debt ... Editor. ying ... ....

Portugal issues 1.25-bln-euro bonds after end of bailout program

Edit Xinhua 22 May 2014
LISBON, May 21 (Xinhua) -- Portugal issued a total of 1.25 billion euros (1.71 billion U.S. dollars) of short term bonds on Wednesday, in its first bond sale after becoming the second eurozone country to exit its three-year bailout program with a clean exit ... Filipe Silva, director of asset management at Banco Carregosa, said these variation rates were "very minor," according to Portugal's Lusa News Agency ... (1 euro=1.37 U.S. dollars) ... 分享. ....

Portugal decides on ‘clean exit’

Edit Independent online (SA) 05 May 2014
Lisbon - Portugal said on Sunday it would exit its three-year 78-billion-euro bailout this month without a precautionary credit line, as the country returns to growth after years of painful austerity and unpopular reforms ... “The fact that Portugal doesn't need a precautionary programme is another vote of confidence by European partners,” said Felipe Silva, head of debt at Banco Carregosa ... - Reuters. ....

Portugal decides on 'clean exit' from bailout

Edit Baltimore Sun 04 May 2014
LISBON (Reuters) - Portugal said on Sunday it would exit its three-year 78-billion-euro bailout this month without a precautionary credit line, as the country returns to growth after years of painful austerity and unpopular reforms ... BOND YIELDS DOWN ... "The fact that Portugal doesn't need a precautionary program is another vote of confidence by European partners," said Felipe Silva, head of debt at Banco Carregosa ... ....

Yields fall sharply in Portuguese debt auction

Edit The Charlotte Observer 23 Apr 2014
LISBON, Portugal Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10-year bond auction Wednesday ... Demand was for more than three times the amount on sale ... "Investor demand (for Portuguese debt) remains high," said Filipe Silva, debt manager of Lisbon-based financial group Banco Carregosa ... ....

Portugal sells 10-year bond in first auction since bailout

Edit The Irish Times 23 Apr 2014
Portugal retruned to the debt markets successfully today, easily selling €750 million of 10-year debt in its first bond auction in three year. The sale is a show of support from investors that puts the country on track to exit its bailout smoothly next month ... “It’s now proven that Portugal can finance itself in the tough and rough normal market without support from banks,” said Filipe Silva, head of debt at Banco Carregosa in Porto....

Portuguese bond yield falls to record low 3.58%

Edit BBC News 23 Apr 2014
Portugal's chances of exiting its three-year bailout programme rose after the sale of 10-year government debt fell sharply to a record low 3.57%. Investor interest in the 750m euro (£617m) bond auction was such that it was three times over-subscribed despite the lower yield. Portugal last sold 10-year bonds in February at a yield of 5.1% ... Exit ... Filipe Silva, debt manager of Portuguese financial group Banco Carregosa said ... ....

Portugal sells long-term debt, strengthens possibility of "clean exit"

Edit Xinhua 23 Apr 2014
LISBON, April 23 (Xinhua) -- Portugal took a step further toward exiting its bailout program with the international lenders without a credit line after it sold 750 million euros of 10-year bonds on Wednesday ... "It was a successful sale," economist Joao Duque told Xinhua ... Filipe Silva, debt manager of Lisbon-based financial group Banco Carregosa, told Xinhua that the debt was issued at a historically low rate ... Editor. Mu Xuequan. 分享. ....

UPDATE 2-Bailout exit beckons for Portugal after record bond sale

Edit Reuters 23 Apr 2014
* Lisbon auctions first bond since before bailout began in 2011. * Yield of 3.58 percent is record low for 10-year bond. * Portugal better placed for clean bailout exit ... By Andrei Khalip and Emelia Sithole-Matarise ... "It's now proven that Portugal can finance itself in the tough and rough normal market without support from banks," said Filipe Silva, head of debt at Banco Carregosa in Porto ... 'SHOCKING' DROP IN YIELDS....
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