Portugal pays up to bonds sell

LONDON - could Portugal 1,645 billion to sell bonds at a Friday auction € ($2.33 billion) a year, but doubt steep the interest rate fed on whether the Government was the bond strategy sustainable.

Portugal 1.5 billion € of the bonds, due June 2012 sell wanted to and the size could issue after draws 2.338 billion euro increase the bids.

But the country an average yield of 5.793%, with around 2.6% to similar Spanish bonds and 1.5% to benchmark of German debt compares to pay had to.

Market observers increasingly doubt that Portugal only expensive, can survive long current liabilities through the issue.

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