Portugal holds auction of up to 1,500 ME in six and 12 month debt
The IGCP – Treasury and Public Debt Management Agency holds today two Treasury Bills (BT) auctions for six and 12 months, with an indicative amount between 1,250 and 1,500 million euros.
In a note, the institution specified that the TB mature in July 2023 (six months) and in January 2024 (12 months).
Bearing in mind that the IGCP canceled two BT auctions at six and 12 months scheduled for November 16, the previous BT auctions with these maturities were held in September.
On September 21, Portugal placed EUR 1,250 million in BT, the maximum indicative amount, at six and 12 months, at positive and higher interest rates in both maturities.
810 million euros were placed in TB maturing on 22 September 2023 (12 months) at an average interest rate of 1.916%, higher than the 0.236% registered on 18 May, when 875 million euros were placed.
Demand for 12-month BT reached 1,258 million euros, 1.55 times the amount placed.
In the shortest term, six months, 440 million euros were placed at an average interest rate of 1.291%, higher than the -0.179% also seen on May 18, when 625 million euros were placed in BT with the same maturity .
Demand amounted to 1,284 million euros, 2.92 times the amount placed.
MC //CSJ