Auction of €970M 10-year debt, yields higher

  • Lusa
  • 13 November 2019

Portugal auctioned €970 million in debt, less than the announced maximum, in 10-year Treasury Bonds.

Portugal auctioned €970 million in debt on Wednesday, less than the announced maximum, in 10-year Treasury Bonds, with interest rates rising to 0.333%, compared to an all-time low of 0.264% in the previous comparable auction.

Demand for 10-year Treasury Bonds was €1.58 billion, 1.63 times the amount placed.

In the last comparable 10-year OT auction, held on 11 September, €600 million was auctioned, maturing on 15 June 2029, at an interest rate of 0.264%, even lower than the previous historical low of 0.510%, recorded on 10 July. Demand then reached €1.263 million, 2.11 times the amount placed.

IGCP, the agency that manages the public debt, had announced a bond auction for today maturing on June 15, 2029 (about 10 years) in an indicative global amount of between €750 million and €1 billion.

Portugal’s debt interest rates are lower than those of Spain

ECO News,

One week before the Spanish elections, and with no prospect of an end to the political instability in the country, interest rates on Spanish debt widen their gap with those of Portugal.