The IGCP, Portugal’s public debt agency, successfully auctioned 1.25 billion euros of debt maturing on March 20, 2026, with a term of 11 months, at an average yield of 1.974%. The demand reached 2.38 billion euros, nearly twice the amount offered.
On March 19, the IGCP placed 1.223 billion euros in 12-month Treasury Bills at an average rate of 2.227%.
Previously, on February 19, the agency issued 1 billion euros for 11 months, with an average interest rate of 2.266%.
According to the updated Financing Program of the Portuguese Republic for the second quarter, announced on March 31, the IGCP plans to conduct an auction of six-month to 12-month Treasury Bills on May 21, with an indicative amount between 1.25 billion and 1.5 billion euros. Another auction of 11-month Treasury Bills is scheduled for June 18, with an indicative amount ranging from 750 million to 1 billion euros.
Related:
