Dec. 29 (Bloomberg) -- Portugal’s central government needs to borrow about 17.4 billion euros ($22.5 billion) in 2012, the country’s Treasury and Debt Agency said.
Portugal will continue its strategy of issuing three-month and six-month treasury bills most of the year, except in March, when it will issue fourth-month bills, the agency said today in an e-mailed statement.
Besides short-term financing, Portugal will obtain funds from the European Union and International Monetary Fund’s 78 billion-euro bailout, the agency said.
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