After getting the most negative interests ever in a double auction for Treasury bonds, IGCP announces two new Treasury bills auctions. IGCP wants to raise 1,750 million euros.
Portugal will return to the market, this time with short-term debt. After getting the most negative interests ever in a double auction for Treasury bonds, IGCP announces two new auctions for Treasury bills. It intends to raise 1,750 million euros.
“On the 16th of May at 10:30 a.m. (11:30 a.m. CET) IGCP is going to auction two Treasury Bill lines maturing on November 2018 and May 2019”, according to the press release from the Portuguese public debt management agency. The same is to say the auction includes two maturities: six and 12 months.
The indicative global range amount will stand between 1,500 million and 1,750 million, the same press release from the institution headed by Cristina Casalinho adds.
This short-term issuance comes after this week’s long-term issuance. IGCP went to the market to place five and ten-year debt, an operation that raised 1,207 million euros.