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Portugal places 1.785 bln euros in treasury bills

Xinhua, July 16, 2015 Adjust font size:

Portugal on Wednesday placed 1.785 billion euros (1.95 billion U.S. dollars) in 6 and 12 month treasury bills, Portugal's debt agency IGCP revealed.

According to a statement on the IGCP's official website, the country placed 650 million euros in six-month bills at an average yield of 0.014 percent, higher than the last comparable sale on May 20 when the average yield was -0.002 percent.

The agency said 1,135 million euros were placed in 12-month treasury bills at an average rate of 0.088 percent, higher than the 0.021 percent in the last comparable auction.

The debt agency recently revealed the country aims to place at least 5 billion euros in short and long-term debt in the third quarter. This was the first debt sale in the third quarter.

Portugal has up to now been immune to the turmoil in Greece, which lenders say needs to approve further austerity program to receive a third bailout and avoid an exit from the eurozone. (1 euro = 1.09 U.S. dollars) Endit