Portugal will return to the market on Wednesday next week with a long-term debt issuance, hoping to raise up to EUR 1,000 million. In a statement issued on Friday, the Treasury Management Agency and the Public Debt (IGCP) announces that it will hold on Wednesday morning an auction of Treasury Bonds (OT) with maturity on July 21, 2026, ” with an indicative amount of 750 to one billion euros “.
the last issue of OT to 10 years took place in March this year, when the Treasury placed 621 million at an average interest rate of 3.1380%, higher than the 2.42% in the previous auction of 25 November last year. In this auction March, demand totaled EUR 993 million, being 1.60 times the amount placed.
The institution led by Cristina Casalinho expects to issue, in gross terms, 18 to 20 billion of medium and long-term debt in euros in 2016, “combining unions and auctions” and ensuring “at least” an auction of Treasury Bonds (OT) per quarter.
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