IGCP raised €1.426 billion across a 4-year and a 10-year OT tap on Wednesday, paying 3.452% on the 10-year line — the highest 10-year cost since April 2014. The 4-year cleared at 2.834% (+49 bps YoY), and bid-to-cover landed just above 2x on both.
The 3-month Euribor fixed at 2.252% on Wednesday 13 May, its highest level since April 2025. The 6-month settled at 2.485% and the 12-month at 2.798%. The drift up the curve reverses the spring 2025 ECB-cut narrative and tilts Portuguese variable-mortgage resets modestly higher.
Polícia Judiciária's Guarda DIC arrested three suspects on Wednesday 13 May in Operação 'Saco Roto', detecting more than €1.8 million of EU co-financing diverted across 30 operations. About €100,000 cash seized. Detainees presented to Tribunal de Instrução Criminal do Porto.
CGD mandated banks Wednesday 13 May for a €500M 6NC5 senior preferred green bond at ~3.95-4% (≈100-105 bps over the six-year mid-swap at 2.95%). Proceeds fund green mortgages on A/A+ certified properties and renewables. Third green issuance, expected S&P 'A'.
Altice International executed a €2.5 billion capital increase in kind at Meo Portugal S.A. on 8 May 2026, converting intragroup debt into share capital and lifting the operator's registered share capital from roughly €17 million to €2.535 billion in...
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The 70th edition of the Festival Eurovisão da Canção opened in Vienna on Tuesday 12 May 2026 with the first of two semifinals at the Wiener Stadthalle, and Portugal's representative — the Beja-anchored, cante alentejano-pop fusion group Bandidos do...
