LISBON, Jan 11 (Reuters) - Portugal is in the process of making a private placement of bonds to diversify its investor base, the finance ministry said on Friday without giving any details of the operation. “I can confirm that an operation is taking place but we will make no comment about the buyer,” a spokeswoman at the finance ministry told Reuters when asked about market talk that China could be buying Portuguese bonds.
Portugal is viewed by many economists as the peripheral euro zone country that is most likely to follow Ireland and Greece to seek an international bailout as it grapples to cut its debts and borrowing costs.
Reporting by Sergio Goncalves; writing by Axel Bugge; Editing by Ron Askew
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