Over a period of eight years, Portugal issued €3.5 billion in bonds at a coupon rate of 2.875% and a yield of 2.961%, with demand surpassing supply 13 times, as specified by IGCP – Agência de Gestão da Tesouraria e da Dívida Pública.
For 29-year bonds, the Portuguese state issued €1.5 billion, with a coupon of 3.625% and a yield of 4.045%, with demand exceeding the amount placed by 23 times.
“This strong demand allowed the Republic [of Portugal] to comfortably execute its transaction,” stated the IGCP.
[News in update]
