Yield of 3.2% on mine-year bonds
Portugal auctioned €651 million of treasury bonds maturing on 17 October 2013 (nine years), at a yield of 3.230%, with demand exceeding supply by 1.79 times.
IGCP auctioned €1 billion of government debt on Wednesday, the maximum indicative amount, in three and nine-year Treasury Bonds at a higher yield than those registered this year in similar maturities, it announced today.
According to the IGCP – Treasury and Public Debt Management Agency page on the Bloomberg agency, Portugal auctioned €651 million of treasury bonds maturing on 17 October 2013 (nine years), at a yield of 3.230%, with demand exceeding supply by 1.79 times.
The rate thus exceeds that of the previous comparable auction, on 14 September, in which IGCP auctioned €780 million of 10-year treasury bonds at a yield of 2.754%, with demand reaching €1.34 billion, 1.72 times the amount placed.
IGCP also auctioned today €349 million in rteasury bonds maturing on 15 October 2025 (three years) at a yield of 2.087%, with demand exceeding supply by 3.01 times.
In the last similar auction, the IGCP auctioned €470 million in four-year debt at a yield of 1.777%, with demand reaching €948 million, 2.02 times the amount placed.
IGCP had announced for this Wednesday an indicative overall amount of between €750 million and €1 billion.
