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

Portugal finances itself with 1,260 million in debt at six and 27 years

New bonds maturing on October 17, 2031, approximately six years from now, saw the Treasury and Public Debt Management Agency (IGCP) place 650 million euros at an interest rate of 2.57%. The demand exceeded 2.09 times the offer.

For the bonds maturing on April 12, 2052, which is around 27 years, 610 million euros were placed at an interest rate of 3.78%. The demand surpassed 1.93 times the amount issued.

In the previous auction of Treasury Bonds in June, IGCP placed 1.167 billion euros, less than the global maximum indicative amount, in debt of ten and 29 years at interest rates of 3.003% and 3.785%, respectively.

In transactions with similar maturities, IGCP issued 491 million euros in Treasury Bonds maturing in 2052 (around 27 years) on February 12 at an interest rate of 3.433%.

Regarding six-year Treasury Bonds, IGCP has not conducted any auction this year.

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