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Portugal issues 1 bln euros in 6-year bond sale

Xinhua, May 28, 2015 Adjust font size:

Portugal issued 1 billion euros (1.09 billion U.S. dollars) in 6-year bonds on Wednesday at a rate of 1.5529 percent, according to figures released by Portugal's debt agency IGCP.

Portugal's Treasury debt sale on Wednesday was the country's third this year after the IGCP managed to issue 2.749 billion euros in two previous bond sales in February.

The country issued 1 billion euros worth of bonds at a rate of 1.8563 percent in its last 6-year bond sale in October last year.

Filipe Silva, director of asset management at the Lisbon branch of Banco Carregosa, said that although the rates were the lowest ever, they remain among the highest in Europe.

Portugal signed a 78-billion-euro bailout program in May 2011 with the European Commission, International Monetary Fund and European Central Bank when it was on the verge of bankruptcy, and successfully exited that program in May last year. Endit