€1 billion in bonds auctioned at 5, 12 years

Portugal auctioned €1 billion in Treasury Bonds on Wednesday, the maximum indicative amount, at around five and 12 years, it announced.

According to the IGCP (Treasury and Public Debt Management Agency) page on Bloomberg, €500 million were auctioned in bonds maturing on April 18, 2034 (around 12 years) at a yield of 1.154% and demand stood at €790 million, 1.58 times the amount placed.

With maturity on April 14, 2027 (around five years), the IGCP also auctioned €500 million at an interest rate of 0.217% and demand reached €1.021 billion, 2.04 times the amount placed.

IGCP had announced that it would hold two bond auctions this Wednesday of around five and 12 years, with a global indicative amount between €750 million and €1 billion.

In the most recent bond auction, held on February 9, the maximum indicative amount of €1.25 billion was auctioned around seven and 10 years, with yields rising in both maturities.

On February 9, €706 million was auctioned in bonds maturing on October 17, 2031 (around 10 years) at a yield of 1.008%, higher than the 0.314% registered in the previous comparable auction on November 10, when €686 million was auctioned at around 10 years.

The demand was €896 million, 1.27 times the amount placed.