IGCP launches two auctions of treasury bonds with a maximum value of 1.5 billion

On February 21, at 10:30 a.m., the IGCP – Treasury and Public Debt Management Agency will hold two auctions of Treasury bill items with maturities on September 20, 2024 and January 17, 2025 and a total indicative amount of between EUR 1,250 million and EUR 1,500 million.

On January 17, IGCP launched three Treasury Bill (BT) auctions with a global indicative amount of between EUR 1,750 million and EUR 2,000 million, with maturities on March 5, 2024, July 19, 2024, and January 17, 2025. But it placed EUR 1,900 million below the maximum amount. Indicative, in two-, six- and 12-month Treasury bills, with average interest rates of 3.663%, 3.660% and 3.279%, respectively.

According to the website of the Treasury and Public Debt Management Agency, within two months, 270 million euros were allocated at an average interest rate of 3.663%, and the request reached 790 million euros, i.e. 2.93 times the amount allocated.

Within six months, 565 million euros were allocated at an average interest rate of 3.660%, which is higher than the rate seen at the last similar auction, on July 19, 2023 (3.284%), and the demand reached 1.265 million euros, 2.24 times the amount. Developed.

Over 12 months, Portugal allocated €1,065 million at an average rate of 3.279%, which is lower than the amount registered in the previous auction of treasury bills with this maturity date also of July 19, 2023 (3.533%). The total request amounted to 1,810 million euros, 1.7 times the amount submitted.

On February 14, the agency led by Miguel Martin deposited €1,784 million, above the maximum guideline amount, in treasury (OT) bonds with maturities of approximately five, 10 and 28 years, respectively, at rates of 2.656%, 3.149% and 3.568%. . .