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Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

IGCP launches a new debt issuance to obtain up to 1.750 million in T-bills

The Treasury and Public Debt Management Agency – IGCP announced it will hold two auctions of BT lines on September 17 at 10:30 AM, with maturities on July 17, 2026, and September 18, 2026. The total indicative amount is between 1.5 billion euros and 1.75 billion euros.

On September 10, the IGCP issued 1.131 billion euros in Treasury Bonds (OT) with approximately 10 and 17-year maturities, achieving an amount below its set threshold.

The interest rates were 3.059% (10 years) and 3.637% (17 years), rising compared to previous auctions in June and February for the same durations.

In a parliamentary session on September 11, during the Budget, Finance, and Public Administration Committee, IGCP President Pedro Cabeços stated the aim to diversify and attract new investors to Portuguese public debt.

Pedro Cabeços mentioned the agency has been holding meetings “to understand what needs to be done” to attract investors.

“There are investors who do not consider Portugal in their investment decisions,” he emphasized, noting that the IGCP has met with “over 100 investors in the past two years to promote Portuguese debt”.

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