Bond auction raises €915M, yields above 3,5%
In today's two auctions, €915 million were auctioned in the two OT lines, below the ceiling of the indicative amount of 1 billion euros.
Portugal auctioned €397 million and €518 million in nine and 12-year Treasury Bonds on Wednesday, at yields of 3.549% and 3.744%, it was announced.
According to the Treasury and Public Debt Management Agency (IGCP) page on Bloomberg, €397 million euros were auctioned in “OT 1.65% 16jul2032” (around nine years) at yields of 3.549%, with demand totalling €1.023 billion, 2.58 times the amount placed.
In “OT 0,9% 12out2035” (about 12 years) €518 million were auctioned at yield of 3,744%, with demand reaching €1.178 billion, 2.27 times the amount placed.
Thus, in today’s two auctions, €915 million were auctioned in the two OT lines, below the ceiling of the indicative amount of 1 billion euros.
The IGCP had announced for today an auction of two OT lines with an indicative amount between €750 million and €1 billion.
On 8 February, Portugal auctioned €1 billion in 10-year Treasury Bonds, the maximum indicative amount, at a yield of 3.172%, lower than the previous comparable auction held in October last year, with demand reaching €2.335 billion, 2.34 times the amount placed.
Also this year, on 5 January, Portugal placed in the first syndicated sale €3 billion in Treasury Bonds maturing on 18 June 2038 (about 15 years) at a yield of 3.689%, according to the IGCP. Demand exceeded €17.9 billion, almost 5.9 times the amount placed.
