State to issue nine-Y, 17-Y, 27-Y treasury bonds up to €1.5B

  • ECO News
  • 7 February 2025

Portugal's Treasury and Public Debt Management Agency, IGCP announced on Friday that it will hold three auctions of nine-, 17- and 27-year Treasury Bonds (OT), with an indicative amount of up to €1.5

Portugal’s Treasury and Public Debt Management Agency, IGCP announced on Friday that it will hold three auctions of nine-, 17- and 27-year Treasury Bonds (OT), with an indicative amount of up to €1.5 billion next Wednesday.

In a statement released today, the IGCP said that the bonds to be auctioned on Wednesday have maturities of 18 April 2034 (around nine years), 11 April 2042 (around 17 years) and 12 April 2052 (around 27 years), with a total indicative amount of between €1.250 billion and €1.5 billion.

This year, IGCP carried out two operations with these securities, repurchasing €430 million of treasury bonds maturing on 15 October this year at 100.38% on 22 January and placing €4.0 billion in a syndicated issue of 10-year treasury bonds on 9 January.

In a note released by the IGCP on 13 December last year, the institution said that the “amount of the state’s net financing needs in 2025 should be around €18 billion”.