CTT accounts, public debt and 3 other things you need to know to start the day
The results season focuses the attention of investors on the Lisbon stock exchange, while at European level there are also M&A operations. There is also data on public debt and the start of Vista Alegre’s bond offering.
| CTT releases quarterly accounts |
| The results season is starting to accelerate on the Lisbon stock exchange. On Thursday, it is CTT’s turn to present its quarterly results, after the company saw profits rise 66%, year-on-year, last year, to 60 million euros. |
| Evolution of national public debt |
| The Bank of Portugal reveals public administration debt figures, as a percentage of Portugal’s GDP, in the first quarter of the year. From the perspective of Maastricht, which counts for monitoring the public debt ratio in budgetary rules, public administration debt decreased in February by 2.2 billion euros, reaching a level of 268.5 billion euros. |
| Vista Alegre’s debt offering starts |
| Vista Alegre will debut in debt for small investors, in an offer that starts this Thursday and runs for two weeks. The company intends to issue up to 45 million euros in sustainability-related bonds with a maturity of five years, with a gross annual interest rate of 5.3%. |
| Europe resumes negotiations focused on M&A |
| European stock markets return after a one-day break in observance of Labor Day with an eye on merger and acquisition (M&A) operations. On Tuesday, BBVA announced it is working on a merger with Sabadell, while LVMH is considering selling Marc Jacobs. |
