IGCP to auction €0.5Bn on 15 June

Portugal’s treasury and debt agency IGCP is to auction €0.5Bn in treasury bonds, with a September 2022 maturation date, on 15 June.

On 18 May, Portugal auctioned €1.5Bn of treasury bonds, with six and 12 month maturities, at the highest interest rates seen since May.
According to the IGCP website, treasury bonds worth €875 million with a 12 month maturity were auctioned on 19 May, with an average interest of 0.236%, higher than the -0.467% on 16 March when €1.250Bn were placed for auction.