Portugal places 3,000 million in 15-year Treasury Bonds at 3.7%
sAccording to the Treasury and Public Debt Management Agency – IGCP, the issue matures on June 18, 2038 and demand exceeded 17.9 million euros, almost 5.9 times the offer.
On Wednesday, the Bloomberg agency advanced that Portugal forced a banking syndicate to issue a 15-year debt.
This is the first syndicated sale issue this year and also the first 15-year OT issue since July 2020.
The main investors are from “France/Italy/Spain”, followed by investors from “United Kingdom” and “Portugal”.
In terms of profile, most are “fund managers”, followed by “banks/private banks” and by “central banks/official institutions”.
Portugal mandated Barclays, BNP Paribas, Goldman Sachs Bank, JP Morgan Bank Europe, Morgan Stanley and Novo Banco as ‘joint lead managers’.
In the financing program for 2023, the IGCP indicates that the amount of the State’s net financing needs should be around 12,400 million euros.
According to the program released this Wednesday, the agency plans to issue 19,800 million euros of debt in Treasury Bonds (OT) during this year and that the net funding resulting from the issue of Treasury Bills (BT) will have a positive impact of 4,300 million euros.
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