The Agency for the Management of Treasury and Public Debt (IGCP) announced last week that it will conduct two auctions today with maturities of approximately one year, aiming for a total amount between 1.5 billion euros and 1.75 billion euros.
The two auctions will mature on July 17, 2026, and September 18, 2026.
Also last week, on September 10, the IGCP issued 1.131 billion euros in Treasury Bonds (OT) with durations of about 10 and 17 years, achieving a value below the targeted threshold.
The interest rates were 3.059% (for 10-year bonds) and 3.637% (for 17-year bonds), rising compared to previous auctions at the same durations conducted in June and February, respectively.
The last Treasury Bill auction took place in July, when the IGCP placed 1 billion euros at an average interest rate of 1.906%, achieving a demand 2.83 times the amount placed.
In a parliamentary committee session on September 11, the head of the IGCP, Pedro Cabeços, expressed the intention to diversify and attract new investors to Portuguese public debt.
According to Pedro Cabeços, the agency has been conducting meetings to understand “what needs to be done” to attract investor interest.
“There are investors who do not include 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.
