Portugal raises €1.2Bn on the international markets

 In Finance, Markets, News

The Portuguese treasury will hold an auction on Wednesday of sovereign bonds at which it hopes to net around €1.2Bn.

The information was released by the IGCP – the Treasury and Public Debt Management Agency – last week.
Two types of treasury bonds will be auctioned with maturities on 21 July 2026 and 18 October 2030, of an amount between €1Bn and €1.2Bn states the IGCP on its website.
Recently Portugal issued €1.7Bn of short-term debt with negative borrowing costs even lower than the previous auction held.
It meant that Portugal issued €1.750Bn of debt of which €500 million were in six-month Treasury Bonds and €1.2Bn in 12 month Treasury Bonds.