This Wednesday, IGCP is holding a syndicated operation to issue 15-year debt. ECO knows the intention is to place between two and 2.5 billion euros. The rate should stand at 2.3%.
This Wednesday, IGCP is holding a syndicated operation to issue 15-year debt. ECO knows the intention is to place between two and 2.5 billion euros and that the rate should stand at 2.3%.
According to information disclosed this Tuesday by the Portuguese newspaper Jornal de Negócios, quoting information ascertained by Bloomberg, Barclays, CaixaBI, Deutsche Bank, HSBC, Morgan Stanley and SG CIB were the institutions hired by IGCP to issue this banking syndication. ECO knows that the interest rate should stand around 2.3%, which is close to the number disclosed by the international news agency — 2.3295%.
Also according to Jornal de Negócios, quoting Bloomberg, order now surpass 10 billion euros, including 1.525 billion from the banks that are organizing the operation.
The news come after IGCP disclosed, last Thursday, the debt issuances calendar for the second quarter of the year. In the document, the entity headed by Cristina Casalinho foresaw performing syndicated operations.
“During the quarter, IGCP intends to issue PGB using a combination of syndications and auctions, with an expected issuance amount between 1,000 and 1,250 million euro per auction”, IGCP stated.
The last syndicated auction was performed in January, with IGCP placing four billion euros in securities maturing in October of 2028. By then, the financing cost was the lowest ever.