IGCP to hold just one Treasury bill auction until the end of 2021
The agency led by Cristina Casalinho has scheduled a double auction of six and 12-month Treasury bills for November 17, in which it pretends to raise between €1,000 and €1,250 million.
Portugal will make few incursions into the debt markets in these last months of the year. The Treasury and Public Debt Management Agency (IGCP) keeps the door open to long-term debt auctions, but regarding the issue of Treasury bills, only one auction is planned, in which it aims to raise up to €1,250 million.
In its update to the financing plan, IGCP revealed that it “foresees the issue of Treasury bonds via auctions, with placements of between €1,000 and €1,250 million per auction being expected,” with only one Treasury bill auction scheduled for now.
In this last quarter of the year, the agency led by Cristina Casalinho has scheduled for November 17 a double auction of six and 12-month Treasury bills, in which it pretends to raise between €1,000 and €1,250 million.
