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Portugal places 1.5 bln euros in short, long-term debt

Xinhua, July 23, 2015 Adjust font size:

Portugal sold 1.5 billion euros in 5-year and 22-year treasury bills on Wednesday, the country's debt agency IGCP said in a statement.

Portugal sold 900 million euros in five-year shorter maturity debt, placed at an average rate of 1.4232 percent.

The country also sold 600 million euros in 22-year longer term debt, the first issue of this maturity since 2011 before the debt crisis, at a rate of 3.5341 percent.

The initial global offer value for both issues was set at as much as 1.25 billion euros.

Analysts said investors are more reassured after Greece signed a deal with creditors last week, and due to the European Central Bank's intervention with a bond-buying program which seems to have seen early progress. Endit