Government “confident” the success of the bond issue for retail – Jornal de Negócios – Portugal

starts this Wednesday, July 20, the deadline for subscription of newly issued equities of Treasury Bonds (OTRV), public debt securities to retail investors. The issue is of EUR 500 million, and the government is “confident” that it will be successful with the offer in view of the strong demand registered in the first operation carried out in May.

“the Government is confident that this new issue will repeat the success of the inaugural issue and will meet the demands of many investors who could not then meet their all in order,” the statement from the Ministry of Finance. In the first issue, the supply was 350 million but was revised upwards to 750 million. The demand for bonds exceeded 1.2 billion, “notes.

This time, the initial amount of the transaction is 500 million euros,” can be increased, at the option of the issuer, until the day August 2, 2016, including, “notes the same statement. the subscription period runs from 20 July to 9 August 2016.

” the obligations are

issued for a period of five years, with repayment of the capital on August 12, 2021, and its holders are entitled to receive a variable interest, payable semi-annually on February 12 and August 12 of each year, at a rate and variable interest equal to Euribor six months plus 2.05% with a minimum interest rate of 2.05%, “concludes.