IGCP withdraws next week’s Treasury bill auction

  • ECO News
  • 13 August 2021

IGCP decided to withdraw the Treasury Bill auction that was scheduled for Wednesday, with maturities of 3 and 11 months.

The Portuguese Treasury and Debt Management Agency (IGCP) decided to cancel the Treasury Bill auction scheduled for next Wednesday, August 18. The debt issue covered maturities of 3 and 11 months.

“IGCP, E.P.E., decided not to proceed with the 3 and 11 month Treasury bill lines scheduled for August 18th,” said the agency headed by Cristina Casalinho. No justification is given for the decision.

With this short-term debt issue, the agency that manages the state treasury and public debt intended to raise an indicative amount between €750 million and €1,000 million.

The next Treasury bill auction is scheduled for September 15, 2021, from which the IGCP intends to obtain between €1,000 million and €1,250 million in securities with maturities of 6 and 12 months.