AN ISSUE of stripped Portuguese government bonds was launched this week through special purpose vehicle OT STRIPS (Luxembourg). It is the second such transaction to come to the Portuguese market. Lead managed by Banco Mello de Investimentos and Banco Chemical Finance, the deal is backed by Esc15bn of the 5.375% OT due in June 2008 and has a total value, including the interest strips, of Esc23.0625bn.
March 20, 1998