IGCP – The Treasury and Public Debt Management Agency is holding two auctions of treasury bills (BT) this Wednesday with maturities of six months and one year and an estimated amount of up to 750 million euros.
In a note published on March 10, IGCP announced that this Wednesday at 10:30 am it will hold two auctions for BT lines maturing on September 22, 2023 and March 15, 2024 with a global indicative amount between EUR 500 million and 750 million euros.
On January 18, Portugal placed €1.250 million in BT, the minimum indicative amount, for six and 12 months, at higher interest rates for both maturities compared to previous comparable auctions in September.
Within six months, 750 million euros were placed at an average interest rate of 2.417%, which is higher than the 1.291% recorded on 21 September.
Within 12 months, 500 million euros were placed at an average interest rate of 2.725%, which is also higher than the rate of 1.916% recorded in September.
Author: Portuguese
Source: CM Jornal
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