Reuters logo
Portugal yields jump as Espirito Santo family's main holding firm to be liquidated
October 20, 2014 / 1:56 PM / 3 years ago

Portugal yields jump as Espirito Santo family's main holding firm to be liquidated

LONDON, Oct 20 (Reuters) - Portuguese government bond yields rose sharply on Monday, as the the main holding company of the Espirito Santo family, Rioforte, headed towards liquidation.

This virtually completes the bankruptcy of the family whose huge debts forced the government’s emergency rescue of Portugal’s largest listed bank, Banco Espirito Santo.

Ten-year yields rose 25 basis points to a day’s high of 3.56 percent. (Reporting by John Geddie and Marius Zaharia; Editing by Jamie McGeever)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below