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Lusa - Business News - Portugal: T-bill auction raises €1.25B at lowest yields




Lisbon, Sept. 18, 2019 (Lusa) – Portugal on Wednesday auctioned €1.25 billion, the minimum indicative amount, in treasury bills at six and 12 months, with negative interest rates and the lowest ever in both maturities, the country's Treasury and Debt Management Agency (IGCP) said.
According to the IGCP page at Bloomberg, €1 billion was raised in 12-month treasury bills at an average yield of -0.440%, which is lower than that recorded on 17 July, when €1 billion was also auctioned at an average yield of -0.431%.
A further €250 million was raised in six-month treasury bills on Wednesday at an average yield of -0.463%, more negative than that recorded on 17 July, when €500 million was sold placed at -0.454%.
Demand reached €2 billion for 12-month treasury bonds, double the amount placed, and €1.175 billion for six months, 4.7 times the amount placed.
Wednesday’s average yields were at an all-time low.
The IGCP had announced on Wednesday two treasury bonds auctions maturing on 20 March 2020 (six months) and 18 September 2020 (12 months) for a global indicative amount of between €1.25 billion and €1.5 billion.
MC/IMYN // ADB.
Lusa

Agency : LUSA

Date : 2019-09-19 08:57:06







 

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