IGCP holds three auctions today for Treasury Bills worth up to 2,000 ME

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The IGCP is holding three Treasury Bill (BT) auctions today with a total indicative amount of between 1,750 million euros and 2,000 million euros.

In a statement, the IGCP – Treasury and Public Debt Management Agency said that the maturities of the BT to be auctioned are March 15, 2024 (two months), July 19, 2024 (six months) and January 17, 2025 (12 months).

The same information indicates that today’s auction will have an additional line (BT March 2024) to the one indicated in the quarterly calendar “with the aim of promoting the market liquidity of the two-month BT line”.

In the last comparable auction, on July 19, 350 million euros were placed over six months at an average interest rate of 3.284%, up from 2.893% on March 15.

In the 12-month term, 900 million euros were placed at an average interest rate of 3.533%, also higher than the rate of 2.975% seen on March 15th.

Iris Lavan
Iris Lavan
With a background as a consultant in the medical industry, Iris Lavan brings a wealth of knowledge and expertise to Portugal Pulse. Iris also runs a company in Tel Aviv offering marketing, business development, content creation and public relations services. She holds a degree in economics and management, giving her a solid grounding in business strategy and financial planning. Iris' commitment to Portugal Pulse is reflected not only in her consulting career, but also in her impact on the Portugale media landscape in Israel. She was an interviewer for Hadshot Portugal חדשות פורטוגל, a media outlet that broadcasts news about Portugal in Hebrew, where she provided valuable information on current affairs, healthcare and the economy. Since July 2023, Iris has also been part of the Portugal Pulse team.

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