João Moreira Rato, the chairman of Portugal’s debt management agency IGCP, said there are many international investors interested in new Portuguese debt issues.
Rato’s argument is that with the opposition finding some common ground with the government on the reform of company taxation rates there now is a good argument to convince international investors to acquire Portuguese debt.
Rato indicated that the agency which he chairs plans to return to the markets before the end of the rescue plan in May by issuing five or ten year bonds.