Portugal will go to the markets today to try to auction up to 1.25 billion in debt with 10 and 17 years

The IGCP is today holding auctions of Treasury Bonds (OT) with maturities of around 10 and 17 years, expecting to reach a value between 1,000 and 1,250 million euros.

In a statement released last week, the IGCP – Public Debt and Treasury Management Agency detailed that the OT in question mature on October 17, 2031 (about six years) and April 12, 2052 (about 27 years).

In the most recent OT auction, in July, the IGCP placed 1.26 billion euros, above the maximum indicative global amount, in OT of approximately six and 27 years at interest rates of 2.57% and 3.78%, respectively.

With equivalent maturities, in March of this year, IGCP placed 563 million euros in “OT 3% 15Jun2035” at an interest rate of 3.381% and demand reached 1,119 million euros, 1.99 times the amount placed.

In February, with the “OT 1.15% – 11Apr2042”, the IGCP placed 489 million euros at a rate of 3.342% for 17 years, with demand reaching 930 million euros, 1.90 times the amount placed.