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Portugal issues 1,155 mln euros in treasury bonds at lower interest rates

Xinhua, July 13, 2016 Adjust font size:

Portugal placed 1.16 billion euros (1.28 billion U.S. dollars) in six and ten-year treasury bonds on the market on Wednesday at lower interest rates than in recent auctions, the Portuguese Treasury and Debt Management Agency (IGCP) said.

The debt agency placed 584 million euros worth of ten-year treasury bonds at an interest rate of 3.09 percent, below the 3.25 percent rate in the last auction in March this year.

Portugal also placed 571 million euros in six-year bonds, at a rate of 2.36 percent.

Analysts said the results had met expectations and that "Brexit" and the possibility of Portugal being sanctioned by the European Commission for missing its deficit target last year had not had a significant effect on the country's latest bond auction. Endit