China c.bank declines to comment on Portugal debt report - Reuters

BEIJING | Wed Dec 22, 2010 5:06am EST

BEIJING Dec 22 (Reuters) - China's central bank declined to comment on a newspaper report on Wednesday that it is ready to buy between 4-5 billion euros ($5.24 billion) of Portuguese sovereign bonds to help the debt-ridden country.

The Jornal de Negocios daily, without citing sources, reported that a deal reached between the two governments will lead to China's buying of Portuguese debt in auctions or in the secondary markets during the first quarter of 2011. [ID:nLDE6BL0M3] ($1=.7634 Euro) (Reporting by Kevin Yao)

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