The Portuguese Treasury will hold two auctions of government bonds next week. The IGCP has scheduled for next Wednesday an auction in line to five years and the other with a maturity of ten years.
The institute headed by Cristina Casalinho intends to raise between 750 and billion from these operations.
“The IGCP will be held on August 31 two auctions of T lines with maturity in April 2021 and in July 2026, with an overall indicative amount between 750 and 1 000 million euros” , the statement sent to newsrooms.
These operations will occur at a time when interest rates on 10-year bonds have been above the 3% level, following several warnings issued by the agency rating DBRS and the Berenberg Nomura and investment banks, as well as Capital Economics.
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