Portuguese SMEs will have Eurobonds

Portuguese SMEs will have Eurobonds This month, the Portuguese government will introduce a mechanism that will allow the issuance of joint debt by the Portuguese SMEs. Companies gain access to funding and 'relieve' the bank of providing credit to the economy.
The Portuguese Small and Medium Enterprises (SMEs) will be able to issue debt jointly later this year in order to gain access to capital and reduce dependence on banks as a funding source.

This financial instrument' pilot project will be submitted by the Government until the end of the month and aims to solve several problems at once: reverse the strong restriction of funding to SMEs and not force the banks to channel credit to the economy so much.

2013-01-07 09:40:08
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