Portugal prepares a new 10-year syndicated bond

  • ECO News
  • 5 April 2022

Barclays, BBVA, CaixaBI, Deutsche Bank, JPMorgan and Santander are the banks contracted by IGCP to sell the bonds maturing on July 16,2032.

Portugal is preparing to issue new syndicated debt. The IGCP has hired banks to help with placing a new line of 10-year government bonds, according to financial information agency IFR. The operation may take place this Wednesday.

It is the second operation of this type that the agency has carried out this year. Right at the beginning of this year, the IGCP raised €3 billion with 20-year bonds, with an interest rate of around 1.2%.

Barclays, BBVA, CaixaBI, Deutsche Bank, JPMorgan and Santander are the banks contracted by IGCP to sell the bonds maturing on July 16, 2032 with ratings of Baa2 from Moody’s and BBB from S&P and Fitch.