BBVA, BNP Paribas, Credit Agricole, Morgan Stanley and Novo Banco will support the operation. Robust demand from investors reached €24 billion.
Portugal’s debt management agency IGCP on Wednesday issued 10-year treasury bonds worth €4 billion, Bloomberg noted.
The treasury bonds were traded at a spread of 112 points above the market rate, Bloomberg said.
Demand reached €24 billion, almost five times the value of the issuance.
Banks involved in the operation included BBVA, BNP Paribas, Credit Agricole, Citi and Morgan Stanley.
The long-term debt securities have a maturity date of 15 June 2029.